Which of the Following Is Not an Example of an Externality

question 79

Multiple Choice

Which of the following is not an example of an externality?

• A) Drunk drivers raise everyone's auto insurance premiums.
• B) The price of lumber increases as lumberjacks' wages increase.
• C) The neighbour's beautiful front yard increases your home value.
• D) Someone drives a car that emits thick black smoke.

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Definitions:

Liberals

Individuals or political groups advocating for policies that emphasize individual rights, democracy, and equality, often supporting progressive reforms.

Second Gilded Age

Refers to a period characterized by significant economic growth, wealth concentration, and political influence of businesses, drawing parallels with the original Gilded Age of the late 19th century.

ERA

Stands for Equal Rights Amendment, a proposed amendment to the United States Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex.