Examlex
Which of the following "externalities" does not distort the allocation of resources?
I.An individual's unwillingness to cut his or her own lawn in an otherwise immaculately kept neighborhood.
II.Smoke produced by a new firm in an area which raises the costs of other firms.
III.A new firm's bidding up skilled wages in an area,thereby raising costs of other firms.
IV.An individual's unwillingness to obtain job training,thereby lowering the total GNP.
Possible choices:
Excessive Ultraviolet Radiation
Overexposure to UV rays from the sun or artificial sources, which can lead to skin damage and increased risk of skin cancer.
Ultraviolet Radiation
A form of energy emitted by the sun, invisible to the naked eye, which can have harmful effects on human skin and eyes but is essential for the synthesis of vitamin D.
Earth
The third planet from the Sun, characterized by its vast oceans, diverse ecosystems, and the presence of life, including human civilization.
Fish Species
Various types of fish differentiated by genetic, morphological, and ecological characteristics, comprising a significant portion of aquatic biodiversity.
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