Which of the Following Is NOT an Example of a Negative

question 313

Multiple Choice

Which of the following is NOT an example of a negative externality?

• A) Inoculation against disease
• B) Pollution
• C) Playing a boom box loudly in a crowded park
• D) Rush hour traffic

Understand the principle that there is no such thing as a free lunch.

Differentiate between the resource market and the product market.

Comprehend the necessity of opportunity costs due to the scarcity of resources.

Understand the fundamental concepts and importance of economic decision-making.

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Definitions:

Harry Braverman

An American Marxist, known for his work on labor and monopoly capitalism, most notably in his book "Labor and Monopoly Capital: The Degradation of Work in the Twentieth Century."

Worker Movements

Collective initiatives by employees aimed at achieving better working conditions, rights, and benefits through organizing and advocacy.

Efficiency

The ability to accomplish a task or a goal with the least waste of time and effort; the competency in performance.

Braverman

Refers to Harry Braverman, an American Marxist, noted for his work on labor and monopoly capital, particularly for his theory on the degradation of work.