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Question
Which of the following is a positive externality?
Which of the following is a positive externality?
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Solution
The correct options are
A Smoke detectors
B Vaccines
C Education
When an individual benefits with smoke detectors, vaccines, and education, the society benefits as well. A positive externality occurs when the consumption or production of a good causes a benefit to a third party. Therefore options a, b and c are correct.
A
Smoke detectors
B
Vaccines
C
Education
When an individual benefits with smoke detectors, vaccines, and education, the society benefits as well. A positive externality occurs when the consumption or production of a good causes a benefit to a third party. Therefore options a, b and c are correct.
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