Suppose a Large Tree on Adam's Property Blocks Eve's View

question 299

Multiple Choice

Suppose a large tree on Adam's property blocks Eve's view of the ocean. Adam accepts Eve's offer of $15,000 to cut down the tree. This is an example of

• A) internalizing externalities via voluntary agreements.
• B) a result of logrolling.
• C) a consequence of a positive externality.
• D) a consequence of private costs exceeding social costs.

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Definitions:

Mesencephalon

Also known as the midbrain, it is a portion of the brainstem involved in vision, hearing, motor control, sleep/wake, arousal, and temperature regulation.

Tectum

Roof (area above the ventricle) of the midbrain; its functions are sensory processing, particularly visual and auditory, and the production of orienting movements.

Tegmentum

The tegmentum is a part of the brainstem involved in movement and arousal; it helps regulate many basic functions of life including awareness, and the modulation of pain.

Glial Cells

In the nervous systems, both central and peripheral, there exist cells that are not neurons but serve to protect and support neuronal cells.