1. Identify the following situations as an example of a negative or a positive externality:a. You are a birder (bird watcher), and your neighbor has put up several bird houses in the yard, as well as planting trees and flowers. That attract birds. ?b. Your roommate is a smoker, but you are a nonsmoker. 2. Identify whether the market supply curve will shift right or left for the following:a. Firms in an industry are required to pay a fine for their carbon dioxide emissions. ?b. Companies are sued for polluting the water in a river. ?3. What are additional external costs?4. What is biodiversity?5. What is command-and-control regulation?6. What is a pollution charge?7. What are property rights?8. What are social costs?

1. Identify the following situations as an example of a negative or a positive externality: a. You are a birder (bird watcher), and your neighbor has put up several birdhouses in the yard as well as planting trees and flowers that attract birds. b. Your roommate is a smoker, but you are a nonsmoker. 2. Identify whether the market supply curve will shift right or left for the following: a. Firms in an industry are required to pay a fine for their carbon dioxide emissions. b. Companies are sued for polluting the water in a river. 3. What are additional external costs? 4. What is biodiversity? 5. What is command-and-control regulation? 6. What is a pollution charge? 7. What are property rights? 8. What are social costs