Identify whether the following schenarios describe positive or negative externalites or neither. A. Negative Externalities B. Neither C. Positive Externalities 1. New city developments and roads bring traffic and pollution to your neighborhood ? 2. Your friend earns a college degree, starts a new business and create jobs in your town 3. A hail storm damages your roof

Identify whether the following schenarios describe positive or negative externalites or neither. A. Negative Externalities B. Neither C. Positive Externalities 1. New city developments and roads bring traffic and pollution to your neighborhood ? 2. Your friend earns a college degree, starts a new business and create jobs in your town 3. A hail storm damages your roof

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 3PA

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tidterm Exam #2 Alternative Back to Assignment Attempts 3. Keep the Highest 3/4 S. Externalities - Definition and examples An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect. If the Impact on the third party is adverse, it is called a extemality. The following graph shows the demand and supply curves for a good with this type of externality. The dashed drop lines on the graph reflect the market equilibrium price and quantity for this good. Adjust one or both of the curves to reflect the presence of the externality. af the social cost of producing the good is not egual to the private cost, then you should drag the supply curve to reflecet the social costs of producing the good; simiarly, f the social value of producing the pood is not equal to the private value, then you should drag the demand curve to reflect the social value of consuming the good. Supply Demand…
1. Please explain what is meant by externality, then give an example of an externality casepositive and negative2. Explain the way or form of government intervention to solve the problem negative externality
Gorwing use of social media, like facebook and snapchat it becomes more attractive for other people to use it too. A positive network externality, the snob effect, an external demand, a fad. Which one of the foolowing is the phenomenon which is being noticed here?
#8. A party ends up spreading the coronavirus. Is that an externality? a. Yes, it is a negative externality b. Yes, it is a positive externality c. No, it is not an externality
Suppose you are the party who can avoid a particular external effect at the lowest cost. You might favor a general rule that assigns liability to whichever party can avoid damage at the lowest cost because the general rule implies that other parties multiple choice a. would not likely eliminate their externalities. b. would also eliminate their externalities. c. parties may or may not eliminate their externalities. d. would pay you to eliminate their externalities. I know the answer is not a. or c. it has to be either d or b
Which of the following are examples of negative externalities? A. Reduced spread of COVID-19 and other infectious diseases from people physically distancing and wearing masks. B. Unsightly oil rigs offshore from Santa Barbara, diminishing the quality of the view for beachgoers and coastal homeowners. C. Reduced incidence of the common flu stemming from more people obtaining flu shots during the Fall. D. Reduced crime rates stemming from rapid economic growth and reduced unemployment. E. High gas prices caused by rapid demand growth in China. F. Job losses associated with a factory closure in the United States, because a factory was opened in Mexico to replace it. G. Noise from traffic on a busy street. H. Light pollution from cities making it more difficult for observatories to view distant stars. I. Noise pollution eminating from windmills on the North Shore of Oahu. J. Pollution emissions from power plants.
There is often litter along highways but rarely in people's yards. Which of the following statements help explain this observation? Check all that apply. A. When a person litters along a highway, others bear the negative externality of having to clean it up. B. No one cares if there is litter on the highway. C. Littering in your own yard imposes costs to you, so you are less likely to do it.
QUESTION 6 Marco runs an organic cafe in the middle of an industrial office zone. He has a lot of customers with only 6 allocated car parking spaces for them. Often, his customers use the car parks designated for clients at Eloise's architectural studio nearby. 1. Marco's cafe does not produce any negative externalities. 2. Marco's cafe creates a negative externality for Eloise's architectural studio. 3. To be socially efficient, Marco needs to pay for more car spaces near his cafe. Which of the above statements are true: O Only 1 is true. O Only 2 is true. O Both 1 and 2 are true. O Both 2 and 3 are true. O All three are true. O O O
See each of the following characteristics or scenarios about externalities. Choose a correct answer whether each statement matches with the term negative externality or the term positive externality. a. Resources are overallocated. ( Positive, Negative) externality く-ー b. Gini installs a very nice front garden, raising the property values of all the other houses on her block. -- ( Positive, Negative) externality c. Market demand curves are too far to the left (too low).<-- ( Positive, Negative) externality d. Resources are underallocated. <-- ( Positive, Negative) ternality Blank # 1 Blank # 2 Blank # 3 Blank # 4
Sub : EconomicsPls answer very fast.I ll upvote. Thank You The figure below shows the market for water-skiing permits on Shuswap Lake in British Columbia. Every person who wishes to water ski must obtain a permit, which is valid for one day. Suppose that each water skier imposes a $4 negative externality on other people who use the lake.
What are externalities; and how the government can fix it
18. Identify whether the following schenarios describe positive or negative externalites or neither. A. Positive Externalities B. Neither C. Negative Externalities 1. Pollutants into the river ruin the fishing for your town 2. The city renovates a run down neighborhood next to yours 3. The price of potatoes rises due to bad weather