An Example of a Positive Externality Is

question 80

Multiple Choice

An example of a positive externality is:

• A) vaccinations.
• B) pollution.
• C) second-hand smoke.
• D) noise from jet engines.

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Definitions:

Unsecured Credit

refers to credit extended without any collateral backing, based solely on the borrower's creditworthiness and promise to repay.

Foreclosure

The legal process by which a lender takes possession of a property used as collateral for a loan due to failure of the borrower to meet the repayment terms.

Deficiency

The shortfall amount between a debt owed and the proceeds from the sale of assets pledged to secure the debt.

Surplus

The amount of an asset or resource that exceeds the portion that is utilized.