Which of the following are examples of positive externalities. A. Light pollution from cities making it more difficult for observatories to view distant stars. B. Job losses associated with a factory closure in the United States, because a factory was opened in Mexico to replace it. C. Reduced crime rates stemming from rapid economic growth and reduced unemployment.
Which of the following are examples of positive externalities. A. Light pollution from cities making it more difficult for observatories to view distant stars. B. Job losses associated with a factory closure in the United States, because a factory was opened in Mexico to replace it. C. Reduced crime rates stemming from rapid economic growth and reduced unemployment.
Chapter8: Market Failure
Section: Chapter Questions
Problem 1P
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Which of the following are examples of positive externalities.
A. Light pollution from cities making it more difficult for observatories to view distant stars.
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B. Job losses associated with a factory closure in the United States, because a factory was opened in Mexico to replace it.
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C. Reduced crime rates stemming from rapid
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D. Pollution emissions from power plants.
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E. Reduced prices for all manner of electronic goods due to free trade with China and low-cost manufacturing there.
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F. Unsightly oil rigs offshore from Santa Barbara, diminishing the quality of the view for beachgoers and coastal homeowners.
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G. High gas prices caused by rapid demand growth in China.
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H. Reduced incidence of the common flu stemming from more people obtaining flu shots during the Fall.
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I. Noise pollution emanating from windmills on the North Shore of Oahu.
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J. Noise from traffic on a busy street.
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K. Reduced spread of COVID-19 and other infectious diseases from people physically distancing and wearing masks.
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