Which of the Following Statements About a Well-Maintained Yard Best

question 71

Multiple Choice

Which of the following statements about a well-maintained yard best conveys the general nature of the externality?

• A)A well-maintained yard conveys a positive externality because it increases the home's market value.
• B)A well-maintained yard conveys a negative externality because it increases the property tax liability of the owner.
• C)A well-maintained yard conveys a positive externality because it increases the value of adjacent properties in the neighborhood.
• D)A well-maintained yard cannot provide any type of externality.

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Definitions:

Representativeness Heuristic

A cognitive shortcut that involves judging the likelihood of an event based on how closely it resembles a typical case.

Confirmation Bias

The bias towards finding, deciphering, choosing, and memorizing details that supports one's initial beliefs or assumptions.

Algorithms

are set procedures or formulas for solving a problem, typically by a computer.

Critical Periods

Limited windows of time during development when the organism is particularly susceptible to certain stimuli, which can have long-lasting effects on its abilities.