1what are externalities give an example of positive and, Ask an Expert

Economics

1. What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?

2. What are the different types of private solutions to externalities?

3. Discuss briefly the public policies towards externalities?

4. What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution?

5. What are the four different types of goods differentiated on the basis of the characteristics of rivalry and excludability?

6. Explain what is meant by a good being "excludable". Explain what is meant by a good being "rival in consumption". Is a pizza excludable? Is it rival in consumption?

7. Explain what is meant by the term "free rider". Can an individual be a free rider when consuming a private good? Why or why not?

8. Define common resource. Without Government intervention, will people use this good (a stream of clean water passing by an industrial area) too much or little too much? Why? Define price ceiling and price control. Give an example for each. Which leads to shortage? Which leads to surplus?

9. What is the importance of property rights? Discuss.

10. What is meant by cost-benefit analysis? How the calculation of cost-benefit analysis can be considered as a difficult one?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9530379

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question at the end of the term colleges bookstore often

Question: At the end of the term, college's bookstore often increases the price offered to students for their used textbooks in order to stock their shelves for the next term. Would an increase in the buyback price affec ...

Question 1 identify and evaluate consequences of government

Question: 1. Identify and evaluate consequences of government price supports and subsidies in U.S. farming markets. 2. Do rent ceiling laws for apartments result in an efficient allocation of apartment units? Why or why ...

Question this learning activity focuses on constitutional

Question: This learning activity focuses on constitutional authority to regulate business and constitutional law concepts. Case Scenario: City enacted a city zoning ordinance that barred outdoor advertising display signs ...

Question there are three consumers a b and c consumer a is

Question: There are three consumers A, B and C. Consumer A is willing to pay 40-.25F dollars for a unit of flowers for the public square, B is willing to pay 75-.25F dollars for a unit of flowers, and C is willing to pay ...

Question for this scholarly activity develop a supporting

Question: For this scholarly activity, develop a supporting human resource (HR) plan for an organizational strategy. Research a company that has undergone (or attempted to undergo) a shift in organization or culture with ...

Question 1 what is an industry cluster and what does a

Question: 1 ) What is an industry cluster and what does a cluster mean for employment, services, infrastructure? 2) What is "an incentive based economic development strategy"? The response must be typed, single spaced, m ...

Question select an organization with which you are familiar

Question: Select an organization with which you are familiar or an organization where you work. Develop a 15- to 20-slide Microsoft® PowerPoint® presentation to be presented to the CEO's executive committee that addresse ...

Question you are a leading business executive for the

Question: You are a leading business executive for the following type of company: (A) Pharmaceutical manufacturer, (B) Airline, (C) Computer disc drives, (D) Mortgage broker, (E) Management consultant, (F) Department sto ...

Question a consulting firm estimates the demand by local

Question: A consulting firm estimates the demand by local businesses for attendance at a pro sports team's games: PB = $140 - 4AB where PB is the ticket price paid by businesses, measured in dollars, and AB is their atte ...

Question - let demand be given by qd 8 - 2p let supply be

Question - Let demand be given by QD = 8 - 2P; let supply be given by QS = 2P. A tax of $2 per unit is imposed on consumer, what is the new equilibrium quantity? a. 1 b. 2 c. 3 d. 4 e. 5

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert