Suppose You Live in the Suburbs and Dump Your Garbage

question 75

Multiple Choice

Suppose you live in the suburbs and dump your garbage on your front lawn on a daily basis.

• A)Your actions hurt no one but yourself.
• B)Your actions constitute an external cost to your neighbors.
• C)Your actions constitute an external benefit to your neighbors.
• D)Your actions would not be considered a market failure.

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Definitions:

Bits Per Second

A measure of data transmission speeds in digital networks, quantifying how many bits are transmitted each second.

Bandwidth

The transmission capacity of a network, stated in bits per second.

Bytes

A unit of digital information in computing and telecommunications that most commonly consists of eight bits, representing a binary number.

LAN

Local Area Network refers to a computer network that interconnects computers within a limited area such as a residence, school, or office building.