Which of the Following Is an Example of a Positive

question 227

Multiple Choice

Which of the following is an example of a positive externality?

• A)air pollution
• B)a person littering in a public park
• C)a nice garden in front of your neighbor's house
• D)the pollution of a stream

Comprehend the relationship between wages, productivity, and economic forces.

Recognize the factors determining the demand for labor and the concept of marginal revenue product.

Identify the effects of income and substitution effects on labor supply and demand.

Understand the concept of winner-take-all markets and their economic implications.

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Definitions:

Filing

The act of officially submitting documents or records to a court or administrative agency.

Preferential Payment

A payment made to a creditor before a bankruptcy filing that is considered unfair to other creditors.

Transferred Property

Assets or rights that have been legally moved from one owner to another through a sale, gift, or inheritance.

Preexisting Debt

Financial obligations or liabilities that exist before a specified event or transaction, such as taking out a new loan.