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:

Oldest Vertebrate Trackways

The earliest known fossilized paths made by the locomotion of vertebrates, providing insights into prehistoric behavior and environments.

Fossil Record

The collection of fossils that has been gathered, providing evidence about the history of life and past environments on Earth.

Fungi Fossils

Remnants or impressions of ancient fungi that have been preserved in the geological record.

Lord Kelvin

A British physicist and engineer known for his work in thermodynamics and the invention of the Kelvin temperature scale.