Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

Drag the tiles to the boxes to form correct pairs.

Match the scenarios with the economic concepts they illustrate.

1. Positive Externality
A new factory in a village provides livelihoods for the villagers.

2. Substitution Effect
The rising price of gold causes people to buy silver jewelry instead.

3. Negative Externality
A new factory in a village causes noise pollution.

4. Income Effect
When the price of gas increases, people drive less.

Sagot :

GinnyAnswer

Final answer:

Negative and positive externalities explained with real-world examples like noise pollution and job creation from a new factory.


Explanation:

Negative externality: A new factory in a village causes noise pollution.

Positive externality: A new factory in a village provides livelihoods for the villagers.

Substitution effect: The rising price of gold causes people to buy silver jewelry instead.


Learn more about Externalities in Economics here:

https://brainly.com/question/39895357


We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.