The externality of pollution has the basic characteristics of a
a. perishable good. c. collective good.
b. private good. d. forced good.
Question 2
An externality is
a. not a political problem because it is external to the political process.
b. not an economic problem because it is external to the market system.
c. a benefit or cost that accrues to someone who had nothing to do with the production or consumption of a good.
d. a pure political or economic good that is shared by the various nation-states all of which pay equally for the production and consumption of the good.