This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider a housing development built near an existing airport. After the houses are occupied, ... (Read 235 times)

urbanoutfitters

  • Hero Member
  • *****
  • Posts: 530
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jlaineee

  • Sr. Member
  • ****
  • Posts: 380
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.
Answer Preview
Only 35% of students answer this correctly


urbanoutfitters

  • Member
  • Posts: 530
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

adammoses97

  • Member
  • Posts: 337
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Long-day stimulation of flower development in Arabidopsis. Long-day stimulation of flower development in Arabidopsis.
A new drug development timeline, with the four phases of drug approval A new drug development timeline, with the four phases of drug approval
Extended brain development Extended brain development
Development of Behavioral Symptoms of ASD Development of Behavioral Symptoms of ASD
Cognitive Development of Children (2 of 4) Cognitive Development of Children (2 of 4)
"Game Development in Eight Bits" by Kevin Zurawel
Video: Supine Position

For a complete list of videos, visit our video library