Which of the Following Purported Externalities in Fact Does Not

question 10

Multiple Choice

Which of the following purported externalities in fact 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 which raises the costs of other firms.
III.A new firm's bidding up skilled wages in an area,thereby raising costs of other firms.
IV.An individual's unwillingness to obtain job training,thereby lowering the total GNP.
Possible choices:

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

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Definitions:

EMG

Electromyography, a diagnostic procedure to assess the health of muscles and the nerve cells that control them.

Electrodes

Conductor materials used to establish electrical contact with a nonmetallic part of a circuit, often used in medical and scientific equipment.

Skeletal Muscle Fibers

Long, cylindrical cells that make up skeletal muscles, responsible for voluntary movements through contraction.

Nuclei

Structures within cells that contain the genetic material and act as control centers for cell growth, metabolism, and reproduction.