A positive externality arises in a situation where a third party, outside the transaction, Group of answer choices fails to allocate resources efficiently. suffers from a market transaction by others. pays a pollution tax to balance social costs. benefits from a market transaction by others.

The following are examples of externalities except A Air pollution from the factory (B) Noise pollution from construction Low production Pandemic

Externalities represent Group of answer choices the social cost associated with the production of a good or service. the costs added by third parties to the production of a good or service in a market. the costs or benefits received by third parties from the production activities in a market.

Production Costs inflicted upon a third party are negative externalities. These can be corrected b Enacting legislation or regulation Targeting specific products for taxation both neither

Refer to the figure below. This graph describes a good that: Price ($/unit) A B C-- I Social MC Private MC F Quantity (units/day) Demand

A benefit that arises from the production or consumption that falls on someone other than the producer or consumer is called       a positive externality.         a positive benefit.          a negative externality.         a private good.

Select the factor that would be an example of a positive externality.          a war in the Middle East impacting oil prices         the construction of a new rail system that allows a factory to ship their products cheaper         a trade war driving up steel prices for a U.S. automaker         a drought that ruins a corn harvest

Refer to the provided supply and demand graph. S1 and D1 represent the current market supply and demand, respectively. S2 and D2 represent the socially optimal supply and demand. One way that the government could shift supply to its socially optimal level is to     Multiple Choice   use markets for externality rights.   subsidize the producers.   tax the consumers.   apply Pigovian taxes.

Which of the following would result in a positive externality? Group of answer choices A)A power plant in a city neighborhood causes fumes that create respiratory problems. B)A company does research on DNA that supports vaccine development. C)A restaurant provides calorie data on its menu. D)A city introduces a rental price control.

The deadweight loss that results from this externality is represented by area _______.   Group of answer choices   G+C   A   B+C   B+E