When I Benefit from My Neighbors Cleaning Up Their Yard

question 15

Multiple Choice

When I benefit from my neighbors cleaning up their yard, I am experiencing a(n) :

• A) merit good.
• B) partnership.
• C) economic pressure.
• D) positive externality.

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Definitions:

Command Economy

An economic system where the government, rather than the free market, determines what goods should be produced, how much should be produced, and the price at which goods are offered for sale.

Public Interest

The welfare or well-being of the general public, often considered a guiding principle for governmental policy or action.

Capital Suppliers

Entities or individuals that provide funds or resources for businesses to invest in production, expansion, or development activities.

Payments

Transactions or transfers of money in exchange for goods or services, or to fulfill a legal obligation.