Ask Question
27 July, 02:17

You are a birder (birdwatcher) and your neighbor has put up several birdhouses in her yard and also planted trees and flowers that attract birds. Is this an example of a negative or a positive externality? Select the correct answer below: positive externality negative externality both a positive and negative externality neither a positive nor a negative externality

+5
Answers (1)
  1. 27 July, 03:00
    0
    Positive externality

    Explanation:

    In economics, there are generally two different types of externality named as a positive and negative externality.

    Positive externality: In economics, the term "positive externality" is described as a phenomenon that occurs when the production or consumption of a specific good leads to create a benefit to any third party.

    Example: A particular beekeeper who tends to keep the bees as they produce honey.

    In the question above, the given statement represents positive externality.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You are a birder (birdwatcher) and your neighbor has put up several birdhouses in her yard and also planted trees and flowers that attract ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers