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 240 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
:D TYSM

bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

From left to right: Size development, biometrical changes in the cranium, reduction of toes ... From left to right: Size development, biometrical changes in the cranium, reduction of toes ...
Stem cells in late development Stem cells in late development
Child development varies and is hard to predict Child development varies and is hard to predict
Milestones of Gross Motor Development in Infancy Age ranges provided are for 90% of American infant Milestones of Gross Motor Development in Infancy Age ranges provided are for 90% of American infant
Development Strategies Development Strategies
Development of a soybean root nodule Development of a soybean root nodule
Video: Introduction to Macular Degeneration

For a complete list of videos, visit our video library