Which of These Is an Example of an External Cost

question 47

Multiple Choice

Which of these is an example of an external cost?

• A)an increase in the value of land you own when a nearby development is completed.
• B)the costs paid by a company to build an automated factory.
• C)decreased property values in a neighbourhood where several houses are burglarized.
• D)the higher price you pay when you buy a heavily advertised product.

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Definitions:

Free Clinics

Healthcare facilities that provide medical services at little or no cost to uninsured or underprivileged patients.

Transitional Expression

Words or phrases used to link sentences and paragraphs smoothly, helping to guide the reader through a text by signifying relationships between ideas.

Star Quarterback

A highly skilled and celebrated quarterback who is often the focal point and leader of a football team.

Bruised Arm

An injury characterized by pain, swelling, and discoloration on the arm, typically resulting from blunt trauma.