In: Economics
You have just been appointed as the County Commissioner of Hazard County. Your first day on the job you have the following conversations:
Ludwig mentions that Frank, the local rancher, is inflating land prices by buying too much land.
This is an example of _______.
(a negative externality
a pecuniary externality
a positive externality
not an externality)
George mentions that Ms. Daisy has planted some lovely new roses in front of her store.
This is an example of ______.
(a negative externality
a pecuniary externality
a positive externality
not an externality)
Lauren mentions that it is extremely windy today.
This is an example of ______.
(a negative externality
a pecuniary externality
a positive externality
not an externality)
Jeb mentions that the hog farm down the road from his house is creating a very nasty smell.
This is an example of________.
(a negative externality
a positive externality
a pecuniary externality
not an externality)