Figure 10-9

question 209

Multiple Choice

Figure 10-9
-Refer to Figure 10-9. Which graph represents a market with a positive externality?

• A)Panel (a)
• B)Panel (b)
• C)Panel (c)
• D)Both (b) and (c) are correct.

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Definitions:

Family Income

The total amount of money earned or received by all members of a household or family unit, serving as an indicator of economic status.

Self-fulfilling Prophecy

A belief or expectation that influences individuals to act in ways that make the belief come true.

Grades

Grades are a system of evaluation used to measure students' academic performance, typically represented by letters or numbers.

Middle-class Whites

A socio-economic group within Western societies typically characterized by moderate levels of income, education, and occupational prestige.