What are two ways to protect your car from theft. The Club (a steering wheel lock) makes it difficult for a car thief to take your car. Lojack (a tracking system) makes it easier for the police to catch the car thief who has stolen it. Which of these types of protection conveys a negative externality on other car owners? Which conveys a positive externality? Do you think there are any policy implications of your analysis?

Q: Assume there are two individuals stranded on a deserted island. One of the individuals chooses to…

A: Externalities are described as costs or advantages incurred by a producer but not covered by the…

Q: 1. You are the coordinator of a nonprofit that distributes donated items to three local homeless…

A: Since there are multiple questions, only the first question will be answered here. If you want…

Q: An externality arises when a firm or person engages in an activity that affects the wellbeing of a…

A: * ANSWER :-

Q: If high-speed Internet is provided for free in the airport of the city of Communityvill. If only a…

A: a. Initial Stage: Public GoodPublic Goods: When high-speed Internet is provided for free in the…

Q: Environmentalists and economists often find themselves at odds with each other. The conflict between…

A: Conflicts happen always between the economists and environmentalists. Their argument is correct in…

Q: With all the calls to de-fund police Kentucky town is the example of what can be done to reduce…

A: In economics, economic benefits refer to the positive impacts or advantages that arise from any…

Q: The chart above shows the market for polio vaccine in Pakistan. This vaccine provides external…

A: a. If there is a competitive market and no government intervention, then the amount will be…

Q: 5) Smoking increases health care costs. Is this an externality? Which of the following statements…

A: Negative Externality: The term negative externality refers to the consequence to the third person…

Q: The National Flood Insurance Program (NFIP) provides flood insurance for homeowners and small…

A: Moral hazard: - moral hazard is the situation in which a person or an institution increases exposure…

Q: Are negative externalities considered on a microeconomics analysis? Why or why not?

A: Microeconomics always deals with unit analysis that is with small units of the economy like…

Q: George Akerloff focused the market for used cars and discussed an issue later generally called the…

A: Adverse selection is a market situation where both buyer and seller have different information about…

Q: Which of the following has positive consumption externalities? (a) Building a highway. (b) Getting…

A: Positive externality means the benefits that are gained/experienced by a third party.

Q: Which of the following does NOT generate negative externalities in part through health care costs?…

A: The externalities are the additional cost or benefit incurred for the third individual who is not…

Q: Why does the US government feel that the use of illicit drugs such as cocaine and opium (morphine)…

A: The government uses fiscal policy to increase employment and investment by increasing the aggregate…

Q: Suppose the Environmental Protection Agency (EPA) wants to mandate that all methane emissions must…

A: Sustainable development is the development of present generation without sacrifing the benefits or…

Q: how does the control environment relate to audit planning? Explain clearly, concisely and briefly.

A: The control environment is the foundation of a good system of control. The control environment is…

Q: Consider the market for flu vaccines, in which consumption causes positive externalities by creating…

A: Supply curve : Qs = 2 + 2P  Private Benefit Curve : Qd = 60.5 - 2.5 MBP Social Benefit Curve : Qd =…

Q: Which of the following statements is not one of the ways that government regulations protect the…

A: The objective of the question is to identify the statement that does not accurately represent how…

Q: Sylvester and Rachel live together on an island with two goods, food and shelter. Food is a private…

A: The quantity of shelter that Sylvester will buy is determined by the point where his marginal rate…

Q: What are the characteristics of Western ethical ideologies

A: Ethical ideologies refer to the moral principles or beliefs that an individual or a group has about…

Q: Externalities Mark owns a butchery. His marginal cost of selling meat is MC = 0.35Q, where Q is the…

A: Market equilibrium is where the marginal revenue equals the marginal cost. Social Equilibrium is…

Q: Roommates A and B are planning to buy public good that costs 190 per unit. Marginal benefits for…

A: Public goods can be consumed simultaneously by the many individuals. These goods are not rivals.

Q: Assume that the city government announces that public parks in the city belong to the public and no…

A: It can be defined as the type of goods or any product in which any person in society is neither…

Q: The four categories present potential responses to environmental problems. Place each response in…

A: Command and control approach directs the environmental policy that has been imposed. It displays a…

Q: The pandemic has upended the way New Yorkers dine out: There are sidewalk tables, open streets,…

A: Hi. since there are multiple questions we will answer the first three questions.

Q: Explain the law of diminishing returns using crime prevention as the good in question

A: Factors used in production can be variable: when the usage rises if the company wants to raise the…