An Externality

question 61

Multiple Choice

An externality

• A)is always either a negative or positive externality.
• B)could be either a negative or positive externality.
• C)can be a negative externality for one group of people and a positive externality for another.
• D)creates market failures only when they are negative.

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Definitions:

Everglades

A vast, marshy, subtropical wetland in Florida, known for its unique ecosystem and wildlife.

Pickup Truck

A light motor vehicle with an open-top rear cargo area (bed) which is often used for carrying goods.

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The 44th President of the United States, serving from 2009 to 2017, and the first African American to hold the office.

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Before marrying Barack Obama, Michelle Robinson was her name, eventually becoming the First Lady of the United States.