Question

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

Answer 1

B) impact fees

Step-by-step 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.