Which of the Following "Externalities" Does Not Distort the Allocation

question 5

Multiple Choice

Which of the following "externalities" does not distort the allocation of resources?
I.An individual's unwillingness to cut his or her own lawn in an otherwise immaculately kept neighborhood.
II.Smoke produced by a new firm in an area that raises the costs of other firms.
III.A new firm's bidding up skilled wages in an area,thus raising costs of other firms.
IV.An individual's unwillingness to obtain job training,thereby lowering the total GNP.

• A) I, III, and IV.
• B) III and IV.
• C) II only.
• D) IV only.

---

Definitions:

Employment Records

Documents and files pertaining to an individual's work history, including hiring documents, performance evaluations, and employment agreements.

Legal Advice

Professional guidance given by a qualified lawyer regarding the law or conduct.

Initial Client Interview

The first meeting between a lawyer or legal team and a potential client to discuss the case's facts, issues, and the client's goals.

Subsequent Client Interview

An interview conducted with a client following a previous meeting or interaction, aimed at gathering additional information or clarifying details.