Which of the Following Is an Example of an Externality

question 89

Multiple Choice

Which of the following is an example of an externality associated with the purchase of a firearm?

• A) Crime increase.
• B) Franchises for gun selling.
• C) After-sales service.
• D) Increased security.
• E) Complete information.

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Definitions:

Feed Grains

Crops like corn, sorghum, barley, and oats that are grown primarily for animal feed rather than for direct human consumption.

Market for Beef

A sector of the economy that deals with the buying and selling of beef, influenced by factors such as supply, demand, price, and consumer preferences.

Beef Prices

The cost at which beef is sold, which can be influenced by factors like supply and demand, feed prices, and agricultural policy.

Florida Orange Crop

Refers specifically to the production of oranges in Florida, which is significant for both the state's economy and the supply of oranges nationally and internationally.