If a Farmer Chooses Not to Develop His/her Land in Order

question 62

Multiple Choice

If a farmer chooses not to develop his/her land in order to preserve wildlife, it is an example of:

• A) inefficiency.
• B) positive externality.
• C) negative externality.
• D) excess of resources.

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Definitions:

Auditory Traces

Memory traces of auditory information that are believed to persist in the brain for a brief period after the auditory stimulus has ended.

Short-term Memory

The ability to retain a limited amount of data in a readily accessible, active condition for a brief duration.

Busy Signal

A repeating tone or signal on a phone line indicating that the line is currently engaged in another call and unavailable.

Implicit

Information or knowledge that is understood or learned without being overtly expressed or declared.