Which of the Following Is an Example of a Positive

question 24

Multiple Choice

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

• A)Sam dug a pond so he could go fishing, but the pond has contributed to an explosion of mosquitoes in your neighborhood.
• B)Sam has dozens of cats, and they come into your yard to hunt the birds that come to your bird bath.
• C)Sam buys a dilapidated house, renovates it, and increases the property values of all houses in the neighborhood.
• D)Liquid waste from Sam's chicken farm flows into a neighbor's well water.

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Definitions:

Collaboration

The act of working together with others to achieve a common goal, often involving sharing resources, information, and efforts.

Spare Plant Capacity

The additional production capacity available in a facility that is not currently being used, allowing for increased output without significant new investment.

Operational Hours

The hours during which a business or service is operational and open to customers.

Capacity Management

The process of planning and controlling the resources needed to meet product demand while maximizing operational efficiency.