"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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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