Which of the following is an example of a negative externality (additional social cost)? Multiple Choice ___ an increase in the value of land you own when a nearby development is completed ___ the costs paid by a company to build an automated factory ___ falling property values in a neighborhood where a disreputable nightclub is operating ___ the higher price you pay when you buy a heavily advertised product.

Which of the following is an example of a negative externality (additional social cost)? Multiple Choice _ an increase in the value of land you own when a nearby development is completed _ the costs paid by a company to build an automated factory _ falling property values in a neighborhood where a disreputable nightclub is operating _ the higher price you pay when you buy a heavily advertised product.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter16: Government Spends, Collects, And Owes

Section: Chapter Questions

Problem 15AA

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