(Answered) 1 what externalities are associated with air travel2

Economics

1 What externalities are associated with air travel?

2 Assess the impact of air travel on renewable and non-renewable resources.

3 Are the skies an example of open-access overuse?

4 What evidence is there to suggest that the market equilibrium of air traffic exceeds the optimum social equilibrium?

5 How should GDP figures be adjusted to take account of the externalities of air travel?

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Microeconomics, Economics

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