M2HA - 19. Gus happens to spot a couple of sunbathers...

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19.
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Gus happens to spot a couple of sunbathers during his walk in the park. This generates a.
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a positive externality if Gus enjoys witnessing their activity. b.
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a negative externality if Gus is disturbed by their activity. c.
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both of the above. d.
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neither of the above, as long as no monetary payment was involved. 20.
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Which of the following is probably producing positive externalities? a.
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A citizen who becomes well-informed about community issues. b.
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A person with an engaging smile. c.
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A homeowner who maintains a beautiful lawn. d.
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All of the above. e.
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None of the above. 21.
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Fill in the blanks: People pursue __________ projects in the market and __________ projects in government. a.
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private; public
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b. their own; others'
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their own; their own
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dualis tic; socialistic 2 2 . I n w h i c h w a y d o e s t h e soci al prob lem of posi tive exte rnali ties diff er fro m that of neg ativ e exte rnali ties? Negat
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M2HA - 19. Gus happens to spot a couple of sunbathers...

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