Which of the Following Statements About a Well-Maintained Yard Best

question 71

Multiple Choice

Which of the following statements about a well-maintained yard best conveys the general nature of the externality?

• A)A well-maintained yard conveys a positive externality because it increases the home's market value.
• B)A well-maintained yard conveys a negative externality because it increases the property tax liability of the owner.
• C)A well-maintained yard conveys a positive externality because it increases the value of adjacent properties in the neighborhood.
• D)A well-maintained yard cannot provide any type of externality.

---

Definitions:

Government Policies

The plans and actions taken by a government to influence or regulate societal issues.

Legal-Political Conditions

The state of laws and government policies which can affect the operating environment for businesses and organizations.

Bureaucratic Decisions

Decisions made within an organizational structure characterized by fixed hierarchical levels and a focus on following rigid procedures.

Legal-Political Conditions

The legal and governmental framework within which individuals, organizations, and businesses operate, including laws, regulations, and political climate.