An Example of a Positive Externality Is

question 89

Multiple Choice

An example of a positive externality is:

• A)pollution because it affects people not directly involved with producing it.
• B)a homeowner's maintenance of a beautiful lawn because this creates a benefit for neighbors.
• C)monopoly creation.
• D)driving a car that emits pollution.
• E)cigarette smoking because this imposes an indirect cost on people around the smoker.

Identify the effects of price changes on consumer behavior and market outcomes.

Comprehend the concept of equilibrium price and how market dynamics strive to achieve it.

Understand the economic decision-making process in both for-profit and not-for-profit organizations.

Acknowledge the relationship between microeconomics decisions and their broader macroeconomic implications.

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Definitions:

Anemia

A condition characterized by a lack of enough healthy red blood cells to carry adequate oxygen to the body's tissues, resulting in fatigue and weakness.

Hematocrit

A blood test measurement that indicates the percentage of red blood cells in a volume of blood.

Allergy Scratch Test

A diagnostic test to identify substances to which an individual is allergic, involving a small scratch on the skin with the allergen.

Modified Hemoglobin

Hemoglobin that has been altered or engineered to improve its function, often used in medical or therapeutic applications.