What kinds of externalities are generated by 1 a firm increasing the supply of trained labour and, 2 the loud noise produced when a householder mows his lawn?
- A1 negative production externality; 2 negative consumption externality
- B1 negative production externality; 2 positive consumption externality
- C1 positive production externality; 2 negative consumption externality
- D1 positive production externality; 2 positive consumption externality