Asked by Laura Ramos on May 03, 2024
Verified
Which of the following is a negative externality connected to attending college?
A) The fact that completion of a college degree acts as a signaling mechanism to employers.
B) The fact that other costs, such as books and materials, are incurred in addition to tuition and fees.
C) The fact that your college has required that all individuals living in student housing either get or show they have already obtained vaccinations against all communicable diseases.
D) The fact that the people in the next room play loud music at hours you want to sleep.
E) The fact that you will get benefits from college that you don't currently anticipate.
Negative Externality
A cost imposed on a third party who is not involved in the production or consumption of a good or service.
Loud Music
High-decibel sound from musical instruments or audio systems, often considered disturbing or a nuisance in certain contexts.
Communicable Diseases
Illnesses caused by viruses, bacteria, or other microorganisms that can be transferred from person to person, directly or indirectly.
- Recognize negative externalities in various contexts and their implications for social welfare.
Verified Answer
PG
Preston GeorgeMay 08, 2024
Final Answer :
D
Explanation :
The fact that the people in the next room play loud music at hours you want to sleep is a negative externality, as it is a cost incurred by others as a result of your attending college. The other options are not externalities, as they do not impose a cost on others.
Learning Objectives
- Recognize negative externalities in various contexts and their implications for social welfare.