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Author Question: Consider a housing development built near an existing airport. After the houses are occupied, ... (Read 108 times)

urbanoutfitters

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on: Jul 1, 2018
Consider a housing development built near an existing airport. After the houses are occupied, homeowners complain that the airport imposes a negative externality on them and it should be moved or otherwise limited. Is the airport a negative externality?
 
  A) No, the airport was there first.
  B) No, if the original property values reflect the costs imposed by the airport.
  C) No, airports are government entities and therefore don't impose costs on individuals.
  D) Yes, the airport's noise should be curtailed for the well-being of the homeowners.

Question 2

In general, an externality is created when
 
  A) people are affected (other than by price) by a transaction which they were not part of.
  B) firms produce a product of low quality and consumers don't like it.
  C) firms have to pay for polluting the environment.
  D) the government subsidizes education.
Microeconomics ¦ Perloff ¦ 8th Edition
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jlaineee

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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urbanoutfitters

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

aliotak

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Reply 3 on: Yesterday
Excellent

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