Question
Which of the following is considered a negative externality of production?(1 point)
Responses
benefit to society when citizens are vaccinated against a deadly virus
benefit to society when citizens are vaccinated against a deadly virus
benefit to society when citizens are more trained and educated
benefit to society when citizens are more trained and educated
pollution caused by increased economic activity
pollution caused by increased economic activity
development of a vaccine by a pharmaceutical company
Responses
benefit to society when citizens are vaccinated against a deadly virus
benefit to society when citizens are vaccinated against a deadly virus
benefit to society when citizens are more trained and educated
benefit to society when citizens are more trained and educated
pollution caused by increased economic activity
pollution caused by increased economic activity
development of a vaccine by a pharmaceutical company
Answers
GPT-4o mini
The option that is considered a negative externality of production is:
**pollution caused by increased economic activity**
Negative externalities occur when the production or consumption of a good or service imposes costs on third parties who are not directly involved in the transaction. Pollution is a classic example of such a cost.
**pollution caused by increased economic activity**
Negative externalities occur when the production or consumption of a good or service imposes costs on third parties who are not directly involved in the transaction. Pollution is a classic example of such a cost.