Children Can Be Thought of as Imposing Negative Externalities on Aeroplane

question 165

Multiple Choice

Children can be thought of as imposing negative externalities on aeroplane passengers because:

• A) when they cry, passengers bear a portion of the cost of this discomfort
• B) their tickets are free or obtained at reduced cost
• C) children (and their parents) are typically isolated in the rear of the airplane
• D) all of the above are true

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Definitions:

Production Functions

Mathematical representations of the relationship between a firm's inputs and its outputs.

U.S. Immigrants

People who have moved to the United States from another country to live permanently.

Real Wage Rates

The purchasing power of wages, adjusted for inflation, indicating the quantity of goods and services wages can buy.

Technological Advance

The introduction of new technologies or improvements in existing technologies that increase productivity and efficiency.