Multiple Choice
A meditation class meets on the second floor of a building; the first floor is a nightclub.The loud music from the club disturbs the classes.Which of the following best explains why the negative externality faced by the class arises?
A) The class has no property right to a quiet environment.
B) The club has a property right on the ground floor.
C) The class has a property right on the second floor.
D) The club uses an inappropriate technology (i.e., no soundproofing) .
E) Both the club and class are profitable.
Correct Answer:
Verified
Correct Answer:
Verified
Q92: The destruction of tropical rain forests results
Q93: In the United States, what percentage of
Q94: In the absence of government intervention, the
Q95: Sailboats and motorboats share Emerson Lake, which
Q96: To enhance social welfare, the government should
Q98: Other things equal, if the government increased
Q99: When a resource is an open-access resource,<br>A)each
Q100: A pollution tax<br>A)is itself a form of
Q101: The optimal level of water and air
Q102: Economists view pollution as an economic problem