What do you think are the top 2 most significant externalities cost that  we face today and what can be done to mitigate their effects?

A positive externality results when   A. someone pays for a good or service even though she is not directly affected by the production or consumption of it.   B. people who are not directly involved in producing or paying for a good or service benefit from it.   C. economists are sure that a good or service provides benefits to consumers.   D. people who live in one country benefit from the production of a good or service that occurs in another country.

In your own words, how was the the great recession an externality?

1. Why does a government use regulations?

please type this, don’t write it. Thank you!

1. List some of the ways that the problems caused by externalities can be solved without government intervention.

Ricky, a retired railroad conductor and Lucy, a full time lab technician are next door neighbors in an apartment building. Ricky loves to play loud heavy metal music, which can be heard for hours during the evening.Lucy can't stand heavy metal, which often rattles the wall of her small apartment from the large speakers next door. A. What is the externality in the example above? B.  What command-and-control policies might the landlord impose? Could such policies lead to an inefficient outcome? C. If the landlord refuses to get involved in the despute. Based on the ideas associated with the Coase theorem, how might Ricky and Lucy reach an efficient outcome on their own? What might prevent them from reaching an efficient outcome?

How do we describe the costs of reducing environmental pollution?

Describe a situation where you experienced a positive or negative externality or free-riding by you or someone else.  Why are these situations problematic?

2 The market for education confers positive externalities on society. Which of the following is an example of a positive externality that it provides? Higher quality of public institutions like government and law Subsidies for providing education Higher salary for the person earning a degree More colleges and universities X OOOO W F2 3 16 80 F3 E 888 FA R DE F % V T MacBook Air 6 Y B & 7 H tv NA 2 N 8 K M 0 W Aa zoom 0