question archive Secondhand" smoke, an often cited disadvantage of allowing smoking in restaurants, is referred to in economics as a(n): A
Secondhand" smoke, an often cited disadvantage of allowing smoking in restaurants, is referred to in economics as a(n): A
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Secondhand" smoke, an often cited disadvantage of allowing smoking in restaurants, is referred to in economics as a(n):
A. Economic Cost
B. Capital Good
C. Negative Externality
D. Negative Investment
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The answer is C, negative externality. Secondhand smoke is considered a negative externality because the smokers that cause the secondhand smoke will affect the restaurant negatively. Non-smokers will not want to come to the restaurant, and this will ultimately impact the profits of the business.
