1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikklg [1K]
3 years ago
7

What is a negative externality? Group of answer choices 1. Harm from economic activity that affects persons not involved in the

economic transaction 2. Benefit from economic activity that affects persons not involved in the economic transaction 3. Occurs only when one seller has all the market power 4. Occurs only when people act without the benefit of all relevant information
Business
1 answer:
alukav5142 [94]3 years ago
3 0

Answer:

Option 1 is correct.

Explanation:

There are two types of externality:

(i) Negative externality

(ii) Positive externality

Negative externality:

Suppose there is an economic transaction initiated between the two partners and this transaction reduces the consumption of third person, then this is known as the negative externality.

For example: Smoking is one of the example of negative externality. Smoking a cigarette is not only present in the consumption bundle of a person who smokes but it also affects the health of the other person who stands near that person. So, it reduces the consumption of non smoker.

You might be interested in
Which support service professional develops school curriculum and teaching standards? A. school psychologist B. school counselor
zalisa [80]

Answer:

D, instructional designer

Explanation:

An instructional designer is a professional that is saddled with the job of designing courses, redesigning courses, creating teacher guides, etc for the sole purpose of learning by students.

The job of an instructional designer is very important in the learning process as without them, teachers would not know what to teach student at a certain age or grade.

Instructional designers try to create the best possible ways to present learning contents such that any individual can assimilate or comprehend it easily thus improving performance and knowledge of the student.

Cheers.

3 0
3 years ago
Consider the market for plane tickets to Hawaii. A bad winter in the mainland United States increases demand for tropical vacati
gavmur [86]

Answer:

Increase

Explanation:

Consumer surplus means the difference between the highest price a consumer is willing to pay and the actual market price of a product

Producer surplus means the difference between the market price and the lowest price a producer is willing to take for his product.

The addition of the two gives total surplus which is also known as economic surplus.

In economics, market price and quantity of a good are obtained when supply and demand curves intersect. The space before the intersection of the two curves is where the consumer is ready to pay higher than the price which suppliers is ready to a given quantity the good. There is therefore surplus for both of them at the market price.

If the demand curve shifts to the right while the supply curve remains constant, the market price will rise and this will lead to increase both consumer and producer surplus increase. By implication, total surplus will rise since it is the addition of both consumer and producer surplus.

Therefore, total surplus will increase if a bad winter in the mainland United States increases demand for tropical vacations, which shifts the demand curve to the right while the supply curve stays constant.

I wish you the best.

5 0
4 years ago
Unemployment describes the condition where
Serggg [28]

Answer:

Unemployment is defined as a situation in which a person wants to be employed but is not able to get a job.

Explanation:

Option C is the correct answer that perfectly describes unemployment. it occurs when a person is willing to work but due to recession or bad economic conditions is unable to find a job. it is commonly encountered by those people, who are looking for job in high number but due to non availability of job are unemployed.

5 0
3 years ago
You should always read the fine print before signing a contract.<br> O A<br> True<br> OB. False
Umnica [9.8K]
True


Because you never know what it is you signing
6 0
3 years ago
Read 2 more answers
Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single
larisa [96]

Reserve ratio was 15% at the balance sheet the whole commercial banking system rather than for a single <u>lend out or invest.</u>

<h3>What is commercial banking ?</h3>

A financial institution that accepts deposits, provides checking account services, makes different loans, and provides fundamental financial products like certificates of deposit (CDs) and savings accounts to individuals and small businesses is referred to as a "commercial bank." Most people conduct their financial business at commercial banks.

Commercial banks generate revenue through making loans, including mortgages, vehicle loans, business loans, and personal loans, and charging interest on those loans. The money needed to fund these loans is provided by customer deposits to banks.

  • Commercial banks provide basic banking services, such as deposit accounts and loans, to individuals and small to medium-sized businesses.
  • Commercial banks profit from a range of fees as well as from the interest they get on loans.

To learn more about commercial banking  from the given link:

brainly.com/question/27793323

#SPJ4

5 0
2 years ago
Other questions:
  • Hilary was put on a new team by her manager. Ever since she shifted teams, Hilary has felt energized and motivated toward higher
    5·1 answer
  • What award-winning advertising campaign has become synonymous with chick-fil-a?
    12·1 answer
  • ____________ anions are strong nucleophiles that open epoxide rings by an sn2 mechanism.
    9·1 answer
  • Chan handles the distribution network for a company that creates custom-made software for companies. He requires constant feedba
    6·1 answer
  • Which of the following contract subject matters would not be covered under the UCC?
    9·1 answer
  • Bird Brain Co. reported net income of $45,000 for the year ended December 31, 2016. January 1 balances in accounts receivable an
    7·1 answer
  • Ryan received a bonus for excellent performance at work. He invested that bonus in shares of ABC Corporation. What type of incom
    7·2 answers
  • Identify and explain each of the situational influences that are described in this scenario: Which situational influence was not
    11·1 answer
  • On May 1 of the current year, Cassandra Corp. issued $600,000 of 4% bonds payable at par with interest payment dates of April 1
    5·1 answer
  • Designing the business portfolio of Nike?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!