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23 September, 07:04

Negative externalities can diminish a property's value by imposing costs on the community at large. In order to offset this detrimental impact, economists advocate "internalizing" these externalities by implementing:A. performance standardsB. impact feesC. growth moratoriumsD. planned unit developments

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  1. 23 September, 07:22
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    B) impact fees

    Explanation:

    Impact fees are imposed by local governments (municipalities) on new residential and commercial developments. The fees collected should be used to pay for the provision of public services to the new development areas, e. g. schools, parks, roads, etc.
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Home » Business » Negative externalities can diminish a property's value by imposing costs on the community at large. In order to offset this detrimental impact, economists advocate "internalizing" these externalities by implementing:A. performance standardsB.
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