“Development results in reduction of green
space” best describes a potential negative externality.
A negative
externality is a cost that is suffered by a third party as a result of
an economic transaction. In a transaction, the producer and consumer are the
first and second parties, and third parties include any individual, organization,
property owner, or resource that is indirectly affected.
The correct answer between all
the choices given is the first choice or letter A. I am hoping that this answer
has satisfied your query and it will be able to help you in your endeavor, and
if you would like, feel free to ask another question.
