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1. Tourism composes a fairly substantial sector of the Egyptian economy. One positive externality that results from foreign tourism is... a. Locals have the opportunity
1. Tourism composes a fairly substantial sector of the Egyptian economy. One positive externality that results from foreign tourism is... a. Locals have the opportunity to be nearly run over by tour busses. b. Egyptians have the opportunity to experience and learn from people of other cultures. c. Tourists spend money at Egyptian-owned firms such as hotels and restaurants. d. Tourists receive utility from viewing the historical treasures of Egypt. 2. Why would Gru make a balloon animal and give it to a child, only to pop that same balloon animal a moment later? a. Gru derives utility from making the child unhappy. b. The child derives utility from having the balloon animal popped. c. If the child keeps the balloon, Gru will incur additional costs in terms of time and money. d. For Gru, the costs of popping the balloon outweigh the benefits
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