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4 cards from this section. Quick, good the night before a test.
What is a positive externality? Provide an example.
Think about activities that provide benefits to others.
Define a negative externality.
Consider examples where harm is caused to others.
What is an externality?
Think about what happens when one person's action affects others.
True or False: Positive externalities can cause costs to others.
Consider the nature of benefits vs. costs.
Analyze how a new public transportation system can create positive externalities in a community.
Consider broader societal effects that arise from improved travel options.
Critically evaluate the role of government regulation in controlling negative externalities associated with industrial pollution.
Think about the trade-offs between environmental protection and economic growth.
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