Microeconomics (7th Edition)
Microeconomics (7th Edition)
7th Edition
ISBN: 9780134737508
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 5, Problem 5.1.8PA

Sub part (a):

To determine

Types of externality.

Sub part (b):

To determine

Deadweight area.

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From CNN what news article represents an issue ragards to Externalities or that can be realted to externalities? Cite at least one source (News Article, Video, etc.) for any data.  Explain: What is the Economic issue? (Describe the issue)  What is the connection to Externalities? (positive, negative, policy)  (Use Math, Graph or data to explain or support your idea) Explain how this affects the Economy (individual, industry, national or global)
3:01 2. Indicate whether the following activities create a positive or negative externality: a. Late-night road construction begins on a new bridge. As a consequence, traffic is rerouted past your house while the construction takes place. b. An excavating company pollutes a local stream with acid rock. c. A homeowner whose property backs up on a city park enjoys the sound of kids playing soccer. d. A student uses her cell phone discreetly during class. e. You and your friends volunteer to plant wildflowers along the local highway. ← + 8
What is an externality? Provide two examples each of positive and negative externalities.
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