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Externality

Authored by Patrick Pavelchik

Geography

9th - 10th Grade

7 Questions

Used 34+ times

Externality
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a positive externality resulting from an outdoor band concert?

An elderly woman in her apartment hears a song that she liked as a child.

A pair of endangered birds leave their nest in a nearby tree when the concert starts.

A pizza parlor closes early, because all of its customers are at the concert.

A traffic jam occurs as drivers hunt for parking spots near the concert.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following explains why a city fireworks display on the Fourth of July is provided as a public good?

Fireworks displays usually take place in a public area.

Fireworks are a scarce resource.

Nonpayers cannot be prevented from seeing the fireworks.

Each consumer pays a fee to see the fireworks.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A ______ externality occurs when a benefit of production or consumption falls on a 3rd Party.

Negative
Neutral
Positive

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Public or Private?

Public

Private

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Public or Private?

Public

Private

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When a third party member is affected by the interaction of a buyer and seller, we call this

An externality
The tragedy of the commons
consumer surplus
total welfare

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Pollution caused by automobiles is an example of

an innefficient allocation of resources.
a positive externality.
a negative externality.
the public sector.

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