Question

Which of the following statements about a well-maintained yard best conveys the general nature of the externality?A. A well-maintained yard conveys a positive externality because it increases the value of adjacent properties in the neighborhood.B. A well-maintained yard cannot provide any type of externality.C. A well-maintained yard conveys a positive externality because it increases the home's market value.D. A well-maintained yard conveys a negative externality because it increases the property tax liability of the owner.

Answer 1

Answer: Option C

Explanation:

One of the main reason why we do maintenance or why we maintain the status of something is because of its values , we want to appreciate the value that is why we maintain properties and things pertaining to us.

To the question, relaying a well maintained yard will convey a general nature of externality of it for its value , a well maintained yard will beautify the surrounding buildings, of course we cant have a yard without a building, it beautifies a building, it showcases it real market value. In conclusion, a well maintained yard will increase a home market value to be appreciated.