Which of the Following Does NOT Provide an Example of an Externality

question 45

Multiple Choice

Which of the following does NOT provide an example of an externality?

• A) the view that passers-by and neighbours enjoy when observing your rose garden
• B) the pleasure you get from purchasing a new pair of shoes
• C) the air pollution generated when you drive your car
• D) the free concerts neighbours hear when an accomplished musician practices at home

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Definitions:

Conveyance

The act of transferring the title, rights, or interest in a property from one party to another.

Licence

A grant of permission to do something that, without such permission, would be illegal, a trespass, or a tort.

Easement

A right to use the property of another, usually for a particular purpose.

Impossible Living

A term not generally recognized in standard discourse; appears to refer to conditions under which normal life or habitation is extremely difficult.