All of the Following Are Examples of External Cost EXCEPT

question 136

Multiple Choice

All of the following are examples of external cost EXCEPT:

• A) smoke nuisance of a factory.
• B) zoning restrictions on your property.
• C) land defilement from strip mining.
• D) weeds on your next-door neighbor's lawn.

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Definitions:

Real World

The sphere of everyday life and experiences outside of fictional, virtual, or theoretical environments.

Ideology

A system of ideas, beliefs, and values that shapes the way individuals or groups see the world and influences their behavior and decisions.

Worldview

The fundamental cognitive orientation of an individual or society encompassing natural philosophy, fundamental existential and normative postulates, or themes, values, emotions, and ethics.

Fame

Fame is the state of being well-known and recognized by many people, often as a result of achievements, talent, or notable deeds.