Discuss one activity that generates externalities, positive or negative, that effects you . How does its...
Discuss one activity that generates externalities, positive or negative, that effects you .
How does its affects people and what should the government or market do to encourage or discourage that activity ?
Homework Answers
The loud music in market places is a source of noise pollution and is thus a negative externality. It hurts the ears and causes loss of hearing. It also leads to confusion and loss of peace. thus, the government should restrict these activities by fining those places and people who play loud music publicly beyond a certain level. It can also restrict the hours during which the music can be played and fine those who do not follow it.
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Discuss one activity that generates externalities, positive or
negative, that effects you .
How does its...
Explain how you would either discourage negative externalities or encourage positive externalities, i.e., society encourages education...
Explain how you would either discourage negative externalities or encourage positive externalities, i.e., society encourages education by having public education that is paid for by the taxpayers and, in large part, it makes it very inexpensive for a parent to send their kids to school. Most states have laws that children must be enrolled in school. Write about at least 2 different externalities.
• What are "market externalities," including "positive externalities" and "negative externalities? Give two examples of positive...
• What are "market externalities," including "positive externalities" and "negative externalities? Give two examples of positive externalities and two of negative externalities. Discuss negative externalities in view of "The story of stuff" • What is "Karl Polanyi's Paradox" (not his brother "Michael Polanyi's Paradox")? Give an example. What is the "Malthusian" theory of population, and what is its underlying ideology? What are the general arguments against Malthusian theory? What is the concept of "the carrying capacity of the Earth"? What...
1. Discuss two realistic examples of market interactions with externalities: one positive and one negative ones....
1. Discuss two realistic examples of market interactions with externalities: one positive and one negative ones. In each of your examples is the outcome socially optimal? In each case explain how could we change incentives of the agents so that they are closer to socially optimal outcome? (25 points)
The diagram below can be used to illustrate the effects of both positive and negative externalities...
The diagram below can be used to illustrate the effects of both positive and negative externalities associated with a particular good. Price So Private Cost 6 D Do Private Value Quantity 1. (1 pt.) The point that illustrates the market clearing price and quantity of the good in the absence of any externalities is
Positive and negative externalities are two common cases of "market failure". What does this mean? What...
Positive and negative externalities are two common cases of "market failure". What does this mean? What is it that some markets fail to do? Market failure means that the market is ineffiicent. Market failure means that the price of the good is too high for some consumers to afford. Market failure means that production costs are too high for businesses to earn a profit. Market failure occurs when government imposes taxes on sales.
Please provide a real world example of positive externalities and an example of negative externalities. For...
Please provide a real world example of positive externalities and an example of negative externalities. For either case, is the government trying to address it? If so, how? Also, is the market for nicotine products efficient? (consider the assumptions of perfect information and no externalities).
If the consumption of a good or service generates NEGATIVE externalities or benfits to society, then...
If the consumption of a good or service generates NEGATIVE externalities or benfits to society, then which of the following applies? (Check all that apply.) O a Market forces alone may lead to more consumption of the good or service than society would need or want. b The government can tax consumption of the good to disincentivize its purchase in order that society be harmed less. O c The capitalist economic system reflects and accounts for externalities in the economic...
Which one of the following statements about positive externalities is false? A. A positive externality is...
Which one of the following statements about positive externalities is false? A. A positive externality is a positive side effect of an economic transaction that affects those not directly involved in the transaction B. Installing a solar panel produces a positive externality C. Unregulated markets produce too few of the goods and services that have positive externalities. D. Markets with positive externalities do not need government intervention to operate efficiently E. Positive externalities represent an additional benefit to society, over...
Which one of the following statements about positive externalities is false? a. A positive externality is...
Which one of the following statements about positive externalities is false? a. A positive externality is a positive side effect of an economic transaction that affects those not directly involved in the transaction. b. Unregulated markets produce too few of the goods and services that have positive externalities. c. Installing a solar panel produces a positive externality. d. Markets with positive externalities do not need government intervention to operate efficiently. e. Positive externalities represent an additional benefit to society, over...
To correct for positive externalities, the government should A) do nothing, since no harm is done...
To correct for positive externalities, the government should A) do nothing, since no harm is done by positive externalities B) Levy a tax on the output of the good or service C) pay a subsidy equal to the marginal external benefit D) impose a price ceiling on the good to discourage its production E) impose a price floor on the good at which the marginal private benefit equals the marginal social cost
• What are "market externalities," including "positive externalities" and "negative externalities? Give two examples of positive externalities and two of negative externalities. Discuss negative externalities in view of "The story of stuff" • What is "Karl Polanyi's Paradox" (not his brother "Michael Polanyi's Paradox")? Give an example. What is the "Malthusian" theory of population, and what is its underlying ideology? What are the general arguments against Malthusian theory? What is the concept of "the carrying capacity of the Earth"? What...
1. Discuss two realistic examples of market interactions with externalities: one positive and one negative ones. In each of your examples is the outcome socially optimal? In each case explain how could we change incentives of the agents so that they are closer to socially optimal outcome? (25 points)
The diagram below can be used to illustrate the effects of both positive and negative externalities associated with a particular good. Price So Private Cost 6 D Do Private Value Quantity 1. (1 pt.) The point that illustrates the market clearing price and quantity of the good in the absence of any externalities is
Positive and negative externalities are two common cases of "market failure". What does this mean? What is it that some markets fail to do? Market failure means that the market is ineffiicent. Market failure means that the price of the good is too high for some consumers to afford. Market failure means that production costs are too high for businesses to earn a profit. Market failure occurs when government imposes taxes on sales.
If the consumption of a good or service generates NEGATIVE externalities or benfits to society, then which of the following applies? (Check all that apply.) O a Market forces alone may lead to more consumption of the good or service than society would need or want. b The government can tax consumption of the good to disincentivize its purchase in order that society be harmed less. O c The capitalist economic system reflects and accounts for externalities in the economic...
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