Which of the Following Is an Example of an Externality

question 63

Multiple Choice

Which of the following is an example of an externality?

• A)Annie purchases a new dress.
• B)Antonio's dog barks loudly during the night,waking his neighbors.
• C)Harold sells a book to Cathy,who reads the book and then gives it to James as a gift.
• D)Gloria watches a scary movie.

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Definitions:

Market for Bakers

The economic environment in which individuals who specialize in baking goods and those in need of such goods interact to facilitate sales and purchases.

Reality Television

A genre of television programming that documents purportedly unscripted real-life situations, often starring unknown individuals rather than professional actors.

Profession

A vocation or career, often requiring specialized education, that is recognized as skilled or requiring expertise.

Labor Supply Curve

A graphical representation that shows the relationship between the wage rate and the quantity of labor workers are willing to supply.