Question

What is a positive externality? Give an example of one. Explain why your example is an...

What is a positive externality? Give an example of one. Explain why your example is an externality. How does society (via government action) deal with positive externalities?

Homework Answers

Answer #1

Positive externality is a situation where the economic activity between two people will benefit the third person as well. for example, a vaccination drive near the locality will benefit the whole community not just the people getting vaccinated.

It is an externality because a vaccination drive will make the whole society healthy, not just the people getting vaccinated, it will increase the labor force efficiency and boost economic activity.

positive externality goods are always short supplied in the market due to the externality, to deal with this the government will subsidize this particular activity and increase it.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What is a negative externality? Give an example of a negative externality. How can government “correct”...
What is a negative externality? Give an example of a negative externality. How can government “correct” the market failure due to negative externalities? Explain your answer below in no more than four sentences.
A. Define a positive externality. B. What problem does the provision of a good/service with a...
A. Define a positive externality. B. What problem does the provision of a good/service with a positive externality pose for free markets? Use a graph to strengthen your answer. C. Give two examples of positive externalities and explain how they work. D. How does government encourage solutions to positive externalities?List all three policy choice given in the textbook. Please use text it's easier to understand.
[10pts] What is an externality?  Give an example (other than those given in other questions) of a...
[10pts] What is an externality?  Give an example (other than those given in other questions) of a positive and negative externality.  Be sure to discuss why they are positive and negative externalities.  
3 Give an example of a positive and negative externality and what regulations the government would...
3 Give an example of a positive and negative externality and what regulations the government would use to correct the negative externality?
Explain a positive and negative externality that you have recently consumed. Please relate your answer to...
Explain a positive and negative externality that you have recently consumed. Please relate your answer to the characteristics of elasticity. Why does the government have to get involved when an externality is present in the market?(Please not the same answer as other questions already posted.)
Give example of negative externality and explain how it is reciprocal in nature. please be specific
Give example of negative externality and explain how it is reciprocal in nature. please be specific
Can you introduce one case regarding the positive externality, and explain it with details? How does...
Can you introduce one case regarding the positive externality, and explain it with details? How does the externality impact the company’s project, and how you evaluate it? please, show more detail. And show reference
Please try ot find an example of innovation with positive or negative externality (refer to the...
Please try ot find an example of innovation with positive or negative externality (refer to the example of car in my class), describe why there is externality and how the externality would have effect on the market of the specific innovation.
Give an example of an industry which likely imposes a negative externality. How do we model...
Give an example of an industry which likely imposes a negative externality. How do we model this situation in a standard supply and demand framework? What is the difference between the social cost and the private cost? What is the relationship between the quantity produced by the unregulated market and optimal quantity? How do we quantify the harm imposed by negative externalities? How would you explain this harm?
Explain the term externality and outline any externalities, negative or positive, that might be generated by...
Explain the term externality and outline any externalities, negative or positive, that might be generated by running a coffee cafe shop
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT