Which of the Following Is NOT an Example of an Externality

question 33

Multiple Choice

Which of the following is NOT an example of an externality?

• A) exhaust fumes from cars
• B) a lack of competition in the market
• C) your enjoyment of your neighbour's beautiful garden
• D) individuals paying for child immunisation

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Definitions:

Social Anxiety Disorder

An anxiety disorder in which the individual experiences intense fear of public humiliation or rejection and therefore tends to avoid social situations.

Generalized Anxiety

A mental disorder characterized by persistent and excessive worry about a variety of things.

Obsessive-Compulsive Personality Disorder

A personality disorder characterized by a pervasive pattern of preoccupation with orderliness, perfectionism, and control, at the expense of flexibility, openness, and efficiency.

Flaws

Imperfections, mistakes, or weaknesses that may detract from the overall value or functionality of something.