You have just been appointed as the County Commissioner of Hazard County. Your first day on...

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)

Solutions

Expert Solution

Rahul Sunny answered 1 year ago

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