Externalities are unintended costs or benefits that are imposed on unsuspecting people and that result from:
a. poor planning.
b. intentional damages.
c. excessive costs.
d. excessive losses.
e. the economic activity of others.
Question 2
The Yankee Candle Company, in Hatfield, Massachusetts, makes thousands of scented candles each day. The factory emits the odor of the candles it produces, some of which smell quite nice. On days when they make strawberry candles the townspeople really enjoy the smell. On days when they make potpourri scented candles, people close their windows and don't go outside. What can we infer about the scented candle market?
a. b and c.
b. Strawberry candles are more expensive than is socially optimum.
c. Potpourri candles are priced too low to be socially optimum.
d. Candle production generates only negative externalities.
e. Candle production technologies are inefficient.
Earthquakes Don’t Kill People—Collapsing Buildings Do
Yellow Mustard Benefits
People with binge eating disorder often eat in secret
Heath Benefits of tomato
Government in America: People, Politics, and Policy, AP
People with Huntington disease develop problems with neuromuscular control and gradually lose the us