"Which of these is a positive externality? After measles vaccinations increase by 20%, the number of cases of measles falls by 35%. After a large stadium is built in a neighborhood, homeowner property values in the neighborhood fall because of noise and traffic. After the price of dental care decreases, more people can afford regular dental check-ups. Researchers develop a new drug that effectively treats a terminal disease that previously had no cure.
"Which of these is a positive externality? After measles vaccinations increase by 20%, the number of cases of measles falls by 35%. After a large stadium is built in a neighborhood, homeowner property values in the neighborhood fall because of noise and traffic. After the price of dental care decreases, more people can afford regular dental check-ups. Researchers develop a new drug that effectively treats a terminal disease that previously had no cure.
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 6QFR
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