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 113 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

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

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?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Early development of Pancreas Early development of Pancreas
miRNA function in limb development miRNA function in limb development
Renzo Piano Building Workshop, Aerial view of Kansai International Airport, Osaka, Japan. Renzo Piano Building Workshop, Aerial view of Kansai International Airport, Osaka, Japan.
Vocabulary Development in English Monolinguals (EL1) and English Language Learners (ELL) Vocabulary Development in English Monolinguals (EL1) and English Language Learners (ELL)
Positive and negative selection during T-cell development. Positive and negative selection during T-cell development.
Development of the Endocrine System Development of the Endocrine System
Video: The 4 steps of translation Animation

For a complete list of videos, visit our video library