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Author Question: Are all externalities negative? Explain. What will be an ideal ... (Read 84 times)

krzymel

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on: Jun 29, 2018
Are all externalities negative? Explain.
 
  What will be an ideal response?

Question 2

An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue.
 
  A) variable B) model C) market D) trade-off


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memslove

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Reply #1 on: Jun 29, 2018
Answer to Question 1

No, all externalities are not negative. Some activities bestow a benefit upon individuals not involved in the activity. These would be positive externalities.

Answer to Question 2

B


krzymel

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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