Urgent Help (1 Viewer)

[Edu.kid]

1) Discuss the relationship between externalties and market failure.
2) Outline one effect of an increase in the level of negative externalties in an economy.
3) Explain how externalties can lead to environmental damage.

 

[lionking1191]

yeah and you might as well put up the marks for those short answer questions as well so we can give you full mark answers to copy off :uhhuh:

 

[munchiecrunchie]

1) think about the types of externalities that exist and how each can affect certain things . . . will it be a positive/negative impact? what will happen as a consequence?

2)Choose one specific example that you can think of and logically think about an impact . . . will it impact firms, or individuals, or the government? or even society as a whole?

3)What kinds of economic activity leads to these kinds of externalities? What will this do to the quality and quantity of the environment?


These are some questions that should help you answer those questions. We can't do them for you, so if you need more help you should probably read the environmental management chapter of your textbook.