The tragedy of the commons is

Smoking creates a(n) ________ externality for non-smokers. As a result, smokers ________ cigarettes.

The external costs of smoking equal

Education creates a positive externality because each course you take

Externalities create the free-rider problem.

Public goods create external costs.

When pollution is given a price reflecting the marginal external costs, smart private choices become smart social choices.

Carbon taxes are not equitable if

Deposits on beer bottles encourage consumers to recycle. A clerk estimates the city saves 5 cents for every bottle that they do not have to ship to the garbage dump. An economist would recommend

Which is an example of external cost?