Megan is an architect. She designs a new apartment block that is built in West End. The building is praised by many, winning various awards. As a result, many people visit West End to see her building. Select the item from the list provided to make the following statements true.
Marco owns a cafe across the road from the apartment block. The increase in customer numbers visiting the building and then Marco’s cafe is an example of a.
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Eloise lives next to the apartment block designed by Megan. The building casts a large shadow on Eloise’s property, killing her prized sunflowers. For Eloise the building has created a.
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Local councils often deal with issues associated with building heights through setting maximum building heights for certain suburbs. This is an example of the use of a to deal with externalities.
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Negative externality
Positive externality
Tax
Subsidise
Command and control
Negotiate
Possible
Impossible
Private
Efficient
Inefficient
Social
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