A Positive Externality Exists Whenever

question 18

Multiple Choice

A positive externality exists whenever

• A) there are no internal costs.
• B) production of a good creates an external cost.
• C) production of a good creates an external benefit.
• D) production of a good has no social cost.
• E) production of a good has no social benefit.

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Definitions:

Negative Lead

An electrical connection that serves as the return path for current in a circuit, often marked with a minus (-) symbol or black color in electronics.

DMM

Digital Multimeter, an electronic measuring instrument that combines multiple measurement functions in one unit, such as voltage, current, and resistance.

Voltage Measurement

The process of determining the electrical potential difference between two points in an electric circuit.