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Introduction to Economics

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Which is an example of a positive externality?

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The social costs of gasoline equal

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Wealthy superstars like Beyonce hire private security guards because the

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Households in Kelowna are charged $1 per bag to remove garbage each week. If the true cost of removing the garbage is actually 80 cents per bag,

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Fraser International College solved its smoking problem by giving each student five smoking permits a day, and allowing trading. This is an example of

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Tim Horton's coffee cups litter downtown Vancouver, creating a negative externality. In this situation, the

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A free-rider is someone who does not have to pay for the external benefits from a negative externality.

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When your father plants beautiful flowers in front of your house, the whole neighbourhood look more attractive. This is a(n) ________ externality. If this externality were properly priced, your father would plant ________ flowers.

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An externality is

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