Answered: Which of the following has positive…

Which of the following has positive consumption externalities? (a) Building a highway. (b) Getting the flu vaccine. (c) Educating your children. (d) All of the above.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information

Section30.1: Externalies

Problem 2ST

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Concept explainers

Policy Instruments for Environmental protection

Policy Instruments for Environmental Protection link policy development and decision making to policy implementation to protect the environment and promote sustainable development. Economic growth brings great risk to the environment and often puts increased pressure on environmental resources. But it is the responsibility of the policymakers to ensure that the risk caused to the environment through developmental projects is kept in check. Environmental protection is central to sustainable development. They can be both beneficial and equitable. Environment protection policies can be used to deter environmentally damaging activities. They also improve social equity and raise revenue. 

Question

Which of the following has positive consumption externalities?
(a) Building a highway.
(b) Getting the flu vaccine.
(c) Educating your children.
(d) All of the above.

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