18.Identify whether the following schenarios describe positive or negative externalites or neither.A. Positive ExternalitiesB. NeitherC. Negative Externalities1. Pollutants into the river ruin the fishing for your town2. The city renovates a run down neighborhood next to yours3. The price of potatoes rises due to bad weather

Externality occurs when actions of one party affects the well being of other. It leads to external…

Identify whether the following schenarios describe positive A. Positive Externalities B. Neither C. Negative Externalities n. n. 1. Pollutants into the river ruin the fishing for your 2. The city renovates a run down neighborhood nex 3. The price of potatoes rises due to bad weather

Identify whether the following schenarios describe positive A. Positive Externalities B. Neither C. Negative Externalities n. n. 1. Pollutants into the river ruin the fishing for your 2. The city renovates a run down neighborhood nex 3. The price of potatoes rises due to bad weather

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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

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38. Negative externalities are also called a. positive externalities. b. external benefits. c. external costs. d. all of the above. e.. none of the above. 39 Which of the following is a way governments have tried to deal with negative externalities? a. Governments can impose pollution taxes or green taxes. b. Governments can require specific pollution reduction technologies be used. c. Governments can use a cap and trade system with marketable emissions rights. d. all of the above. e. none of the above.
Which of the following is an example of an activity generating a positive externality? O A. You buy a new car and then find $5,000 in the door panel. OB. Your next-door neighbor mows the lawn at 6 am. C. Your next-door neighbor installs a bat house and the bats eat mosquitoes. D. After Joe buys health insurance, he decides to quit smoking.
#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
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I need help with qusetion A, B and C
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a. Which of the following situations exhibits a positive externality? __ Alan purchases a new watch as a gift for his father. __ Sean spends the afternoon cleaning his garage. __ Richard renovates a dilapidated historic home in the center of town. b. when there is a positive externality associated with the market __ too little is produced. __ too much is produced. __ the socially optimal amount is produced. c. Governments may stimulate the economy to move toward the socially optimal output by __ taxing the product __ subsidizing the product. __ implementing a price ceiling.