Tuesday, November 4, 2014

Chapter 10 Questions

1. What is an externality?

2. Can externalities be positive?

3. How do you correct a negative externality?

4. How do you correct a positive externality?

5. Name an example of a negative externality.

6. Name an example of a positive externality.

7. If my friend wants to smoke, and I don't like smoke, what can he do?

8.  If my friend has the right to smoke, and I don't like smoke, what can I do?

9. How can I reduce traffic congestion on the causeway to Bahrain?

10. Why are there millions of cows, but only a few elephants?

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