Externality

Share a creative solution to a positive or negative externality from your own life with the class.

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Externality. View the video below. Answer the questions below in 2 paragraphs. o Characterize the externality.is it positive or negative? Possible command & control solutions? Market-based solutions? Private Solutions? o Share a creative solution to a positive or negative externality from your own life with the class.

Describe two alternatives to a carbon tax for mitigating the impacts of externalities associated with carbon. Explain why you think these options could be effective?

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SUSTAINABLE COMMUNITIES Explain the term externality in an economic context in your own words. Provide an example of a positive externality which does not involve carbon. It should be well thought out and provide enough detail for the reader to fully understand your example (2-3 sentences). Provide an example of a negative externality which does … Read more

Compose a 250 word (max) discussion of if and how you could use a market-based solution (similar to the one in the video) to align incentives to correct the externality in your community.

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Step 1. Please watch the TED talk by Rob Harmon discussion about markets helping keep streams in Montana flowing (Duration – 8 minutes 47 seconds) Rob Harmon TED talk (Links to an external site.) Step 2. Virtually explore your own neighborhood, town, or city and find an example of a negative externality. Step 3. Tell … Read more