asap pls ! 13 value 10.00 points Drinking and driving is an example of a good or

Question

asap pls !

13 value 10.00 points Drinking and driving is an example of a good or an activity that involves a negative or positive externality O public good merit good or activity demerit good or activity A city park is an example of a O demerit good or activity merit good or activity O good or an activity that involves a negative or positive externality public good Abusing alcohol is an example of a merit good or activity demerit good or activity O good or an activity that involves a negative or positive externality O public good Saving for retirement is an example of a O demerit good or activity O good or an activity that involves a negative or positive externality O public good merit good or activity

Explanation / Answer

ANSWER:

1) A BECAUSE DRINKING AND DRIVING CRATES NEGATIVE EXTERNALITY AS WHEN DRINKING AND DRIVING , A ACCIDENT IS LIKELY TO HAPPEN AND THEREFORE IT CREATES NEGGATIVE EXTERNALITY.

2) D BECAUSE CITY PARK IS USED BY EVERYONE IN THE PUBLIC.

3) C BECAUSE ALCOHOL CONSUMPTION IS DONE TO FULFILL DESIRES RATHER THEN MAXIMIZING SATISFACTION.

4) D BECAUSE SAVING FOR RETIREMENT IS BENEFICIAL FOR THE INDIVIDUAL.

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