Governments pursue various policies to remedy the inefficiencies caused by externalities.  List and describe the various policies the government may use?

Q: Why does the government have to get involved when an externality is present in the market?

A: Externality: It is a cost that arises because of a producer that is not incurred financially or…

Q: Can an activity generate both positive and negative externalities at the same time? Explain your…

A: Please find the answer below.

Q: Externality is a problem that create market failure. How the externalities can be internalized to…

A: Externality causes market failure.Externality may be positive or negative and its effect causes…

Q: Which activity generates a positive externality? You buy a new jet-ski and find $5,000 under the…

A: In economics, positive externality refers to the situation when one's action will provide benefit to…

Q: Give solutions to the externality problem.

A: The situation that depicts either a benefit or a cost being caused by a producer not received or…

Q: Why transaction cost has become the reason to solve an externality problem?

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: What are positive and negative externalities, hint the ( causes, effects and the remedies.)

A: An externality is present whenever some economic agents' welfare (utility or profit) is directly…

Q: If education produces positive externalities and the government does not intervene in the market, we…

A: Positive externalities occur when an activity creates a benefit to the third person who is not…

Q: Explain how the effects of externalities can be remedied

A: Externalities are spillover effects on third part or on society because of consumption or production…

Q: 38. Negative externalities are also called a. positive externalities. b. external benefits. c.…

A: Externalities is the impact of action happening between two parties on some other third party.

Q: a) market-based policy

A: The economic policy of France 2017 focused on more inclusive growth by improving the social and…

Q: How large tax rate should the government use to eliminate a negative externality? Why does this tax…

A: A negative externality occurs when the production/consumption of a   leads to a cost for third…

Q: In what ways do company investments in research and development create positive externalities?

A: Answer: Positive externality refers to the positive impact on a party due to the actions of another…

Q: explain the concepts of public goods and externalities, how an externality leads to a market…

A: The economist Adam Smith advocated that there should be limited government intervention so that the…

Q: Which of the following is a positive externality?

A: Positive externality is the externality which impacts the society positively.  It occurs when the…

Q: What does it mean to "internalize" a negative externality? Please give an example.

A: Externality: - It is a cost/benefit, generated by the production/consumption by someone, which is…

Q: Using a supply and demand diagram, demonstrate how a negative externality leads to market…

A: Externalities means when the production of economic agents causes benefits or cost to others. When…

Q: Which of the following would create a negative externality? A person plays loud music that can be…

A: An externality is a cost or benefit developed by the producer and incurred or received by the third…

Q: What is a positive externality

A: The concept externality was introduced by economist Arthur Pigou. There are mainly  four type of…

Q: Public Goods are used by all members of society, but sometimes they are overused and lead to things…

A: Non-excludable: - it is a condition where a person cannot stop another person from using a good or…

Q: Give an example for a negative or positive externality and explain the inefficiency this negative or…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Identify a negative externality

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: A positive externality results when   A. someone pays for a good or service even though she is not…

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Explain how government subsidies to producers solve externalities ?

A: Government pays a part of the cost to the firm in the form of subsidies. This in turn leads to…

Q: 1. (Externalities) Complete each of the following sentences: a. Resources for which periodic use can…

A: whatever productive factors or economic factors or both factors are needed for the fulfilment of the…

Q: The Centers for Disease Control and Prevention estimates that every alcoholic drink consumed…

A: Answer: Introduction: Negative externality: negative externality is the loss suffered by a third…

Q: Give three examples of activities accompanied by external costs and benefits.

A: The external costs and benefits are the various cost and benefits that are recieved to the third…

Q: In the graph above, what areas comprise the negative externality damage when the market is…

A: The externality is generated when a firm or an individual engages in an activity that affects the…

Q: Using a supply and demand diagram, demonstrate how a negative externality leads to market…

A: Externalities refer to the cost or benefit of an economic transaction incurred on a third party who…

Q: How does government encourage positive externalities in the economy?

A: The situation in which either consumption or production of the goods/ services directly benefits the…

Q: Explain how externalities can be solved.

A: Externality is the negative or positive spillover by the consumer or producer which affects the…

Q: Why do economists use the word “externality” to describe third-party effects that are harmful or…

A: Externality: An externality is an expense or advantage brought about by a maker that isn't…

Q: Which of the following will most likely generate positive externalities of consumption? a. A hot dog…

A: Positive externalities of consumption:- When consuming a good results in a positive overall to a…

Q: What are some examples of activities that would create positive and negative externalities? And how…

A: The term externality refers to any economic or non-economic cost imposed on or benefit provided to…

Q: Which of the following instruments is government most likely to apply when confronted with a…

A: Positive externality occurs when production or consumption results in external benefits on third…

Q: What is an externality? What are the possible remedies (private or government) to externalities?

A: An externality is a cost or benefit of an economic action that is experienced by a distinct third…

Q: Give an example of an externality related to agriculture. Referencing the Coase Theorem from the…

A: ANSWER   Research and development by a high-tech firm in the field of agriculture output improvement…

Q: When an economy and government face negative externality, describe the cause of this problem and…

A: Meaning of Externalities: The term externality refers to the situation where the cost is incurred…