Externalities
AP Microeconomics · Flashcards · Application
AP MICROECONOMICS · FLASHCARDS
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QUESTION
Identify the type of externality: 'Factory emissions pollute nearby water sources.'
QUESTION
Identify the type of externality: 'Vaccination reduces disease spread to others.'
QUESTION
Identify the type of externality: 'Factory emissions pollute nearby water sources.'
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ANSWER
Negative externality. Industrial waste harms those not involved in production decisions.
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