An Example of a Negative Externality Is The

question 61

Multiple Choice

An example of a negative externality is the:

• A) decrease in your real income that results when photographic equipment you purchase increases in price because of increased demand by others for these items.
• B) cost you bear when your neighbor has a noisy party and does not compensate you for your discomfort.
• C) benefit you receive without paying when your neighbor installs a smoke detector.
• D) decrease in income to farmers that results from a drought.

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Definitions:

Oneida

Utopian community founded in 1848; the perfectionist religious group practiced “complex marriage” under leader John Humphrey Noyes.

Zoar

was a communal society established in 1817 by German separatists in Ohio, known for its unique religious beliefs and communal living practices.

New Harmony

A utopian community founded by Robert Owen in 1825 in Indiana, USA, intended as an experiment in communal living and social reform.

Modern Times

A period extending from the late 19th century to the present, characterized by rapid advancements in technology, science, and social organization.