If Your Neighbors Remove the Weeds in Their Yard and This

question 55

True/False

If your neighbors remove the weeds in their yard and this activity prevents weed seeds from blowing into your yard,the benefit you receive is a public good.
If your neighbors remove the weeds in their yard and this activity prevents weed seeds from blowing into your yard,the benefit you receive is an externality.

---

Definitions:

Long-Term Orientation

A cultural dimension indicating the degree to which a society values long-term commitments and respects traditions while adapting to change gradually.

Meglino's Value Schema

A theoretical framework proposed by Meglino et al. that categorizes personal values into specific domains influencing individual behavior and preferences.

Theoretical Values

Values or information obtained through theoretical approaches rather than empirical observation, based on logical or mathematical reasoning.

Economic Values

The worth of goods, services, or resources, based on their ability to generate income, provide utility, or meet needs within an economy.