Asked by Sylvia Joseph on Jul 17, 2024
Verified
LoJacks convey ________ to third parties.
A) positive externalities
B) negative externalities
C) economies of scale
D) public goods
Positive Externalities
Benefits that a third-party or society gains from a transaction or activity they are not directly involved in.
Third Parties
Entities that are involved in a transaction or relationship but are not the main parties; in economics, often refers to intermediaries or external stakeholders.
LoJacks
A brand name for a stolen vehicle recovery system that allows vehicles to be tracked by police after they are stolen.
- Comprehend the principle of externalities and their effects on the well-being of the public.
Verified Answer
AM
Aaron MehtaJul 17, 2024
Final Answer :
A
Explanation :
LoJacks, which are devices used to track and recover stolen vehicles, convey positive externalities to third parties. This is because their presence in some vehicles can deter theft in general, thereby benefiting even those who do not own a LoJack by reducing the overall crime rate in the area.
Learning Objectives
- Comprehend the principle of externalities and their effects on the well-being of the public.