Which of the Following Statements About a Well-Maintained Yard Best

question 71

Multiple Choice

Which of the following statements about a well-maintained yard best conveys the general nature of the externality?

• A)A well-maintained yard conveys a positive externality because it increases the home's market value.
• B)A well-maintained yard conveys a negative externality because it increases the property tax liability of the owner.
• C)A well-maintained yard conveys a positive externality because it increases the value of adjacent properties in the neighborhood.
• D)A well-maintained yard cannot provide any type of externality.

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Definitions:

Exchange Rate

The value of one country's currency in terms of another currency.

Exchange Rate

The price at which one currency can be exchanged for another.

Japanese Importer

A business entity in Japan that purchases goods or services from abroad for sale in the Japanese market.

Balance of Payments

A record of all economic transactions between the residents of a country and the rest of the world within a specific period.