The Idea That "Externalities Arise Because Something of Value Has

question 224

Multiple Choice

The idea that "externalities arise because something of value has no price attached to it" is associated with

• A)public goods, but not with common resources.
• B)common resources, but not with public goods.
• C)both public goods and common resources.
• D)neither public goods nor common resources.

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Definitions:

Radios

Electronic devices that receive and play audio broadcasts over the airwaves.

Trade

The action of buying, selling, or exchanging goods and services between people or countries.

Coolers

Insulated containers used to keep drinks and food cool.

Radios

Radios are devices that receive broadcast signals, converting them into audio sound waves for information and entertainment.