What is this graph and what are some issues with it?201816 -1412 -108 -6 -42-1960YearO. Externality graph over time. Issues are that it is in percentage, so does not show how much 'pollution' there is, also does not include taxes which reduce high pollution or benefits which decreasepollution.O U.S. Poverty graph over time. Issues are that it is in percentage, so does not show how 'rich' the richest are, also does not include taxes which increase high income or benefits which decrease poorincome.O HHI Index graph over time. Issues are that it is in percentage, so does not show how much monopoly is in dollars, also does not include taxes which reduce monopoly income or benefits which increasemonopoly income.OMU.S. Poverty graph over time. Issues are that it is in percentage, so does not show how 'poor' the poorest are, also does not include taxes which reduce high income or benefits which increase poorincome.Percentage of People Below the Poverty Line19651970197519801985199019952000200520102015

Teo dimensional graph depicting the time on the X-axis and the percentage of people below the…

What is this graph and what are some issues with it? Year OL Externality graph over time. Issues are that it is in percentage, so does not show how much 'pollution' there is, also does not include taxes which reduce high pollution or benefits which decrease pollution. U.S. Poverty graph over time. Issues are that it is in percentage, so does not show how 'rich' the richest are, also does not include taxes which increase high income or benefits which decrease poor income. HHI Index graph over time. Isues are that it is in percentage, so does not show how much monopoly is in dollars, also does not include taxes which reduce monopoly income or benefits which increase monopoly income. OKU.S. Poverty graph over time. Issues are that it is in percentage, so does not show how 'poor' the poorest are, also does not include taxes which reduce high income or benefits which increase poor income.

What is this graph and what are some issues with it? Year OL Externality graph over time. Issues are that it is in percentage, so does not show how much 'pollution' there is, also does not include taxes which reduce high pollution or benefits which decrease pollution. U.S. Poverty graph over time. Issues are that it is in percentage, so does not show how 'rich' the richest are, also does not include taxes which increase high income or benefits which decrease poor income. HHI Index graph over time. Isues are that it is in percentage, so does not show how much monopoly is in dollars, also does not include taxes which reduce monopoly income or benefits which increase monopoly income. OKU.S. Poverty graph over time. Issues are that it is in percentage, so does not show how 'poor' the poorest are, also does not include taxes which reduce high income or benefits which increase poor income.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 40P: Show the market for cigarettes in equilibrium, assuming that there are no laws banning smoking in...

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Question

What is this graph and what are some issues with it?
20
18
16 -
14
12 -
10
8 -
6 -
4
2-
1960
Year
O. Externality graph over time. Issues are that it is in percentage, so does not show how much 'pollution' there is, also does not include taxes which reduce high pollution or benefits which decrease
pollution.
O U.S. Poverty graph over time. Issues are that it is in percentage, so does not show how 'rich' the richest are, also does not include taxes which increase high income or benefits which decrease poor
income.
O HHI Index graph over time. Issues are that it is in percentage, so does not show how much monopoly is in dollars, also does not include taxes which reduce monopoly income or benefits which increase
monopoly income.
OMU.S. Poverty graph over time. Issues are that it is in percentage, so does not show how 'poor' the poorest are, also does not include taxes which reduce high income or benefits which increase poor
income.
Percentage of People Below the Poverty Line
1965
1970
1975
1980
1985
1990
1995
2000
2005
2010
2015

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Give an example of a positive externality and an example of a negative externality.
Here is a second hypothesis: A well-funded social safety net may lead to less regulation of the market economy. Explain why this might be so, and sketch a production possibility curve that shows this tradeoff.
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Identify the following situations as an example of a negative or a positive externality: You are a birder (bird watcher), and your neighbor has put up several birdhouses in the yard as well as planting trees and flowers that attract birds. Your neighbor paints his house a hideous color. Investments in private education raise your countrys standard of living. Trash dumped upstream flows downstream right past your home. Your roommate is a smoker, but you are a nonsmoker.
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