Of the following activities, specify which ones would typically generate positive externalities, negative externalities, or no externalities:
a. You decide to trade in your 1997 Cadillac for a 100% electric Nissan Leaf.
b. Every morning while in the shower, you sing at the top of your lungs and very much off-key as long as no one else is at home.
c. You choose to not clean up after your German Shepherd when you take him for his midnight walks around the neighborhood.
d. After running out of space in your house, you decide to store your collection of 46 broken lawn mowers in your front yard.
e. As you do every year, this year you get a flu shot at the local Walgreens.
a and e generate positive externalities.
c and d generate negative externalities.
b does not generate externalities.
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Growth in physical capital depends most directly upon the
A) speed of population growth. B) amount of saving and investment. C) amount of government expenditures. D) number of firms in the nation. E) level of human capital.
In the above figure, what quantity will a single-price monopolist produce?
A) Q1 B) Q2 C) Q3 D) Q4