Asked by
Maggie Erpelding
on Dec 04, 2024
Verified
Loud music from a neighbor's party is:
A) a negative externality whether or not you like it.
B) a positive externality whether or not you like it.
C) a positive externality if you like the music, and a negative externality if you don't.
D) a negative externality if you like the music, and a positive externality if you don't.
E) not an externality.
Negative Externality
A cost that affects a party who did not choose to incur that cost or benefit, often seen in environmental pollution affecting bystanders not involved in the production or consumption causing the pollution.
Loud Music
High amplitude sound that can be enjoyable in some contexts but may lead to hearing damage or stress in others.
- Comprehend the detrimental externalities in a range of environments and their consequences on the welfare of the community.
Verified Answer
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Learning Objectives
- Comprehend the detrimental externalities in a range of environments and their consequences on the welfare of the community.