6:19 '9' [El '' \\' '53. 46%- 6 Exf...0"18-Saved (+5 9 EXTERNALITY APPLICATION ASSIGNMENT INSTRUCTIONS OVERVIEW Externalities exist because we live in a world where our actions have impacts on those living around 11s. Sometimes what we do is benecial to others. and sometimes it harms them. Being conscious of how our acts affect others is something of which we should aware. In this assignment, you will demonstrate an understanding of externalities by observing them in a short video clip. INSTRUCTIONS You are to review one of the provided video links, and properly identify the externality in the clip. You must explain who the third parties are in the externality, offer a solution to correct the externality, and then provide two examples of externalities, one positive and one negative, that you experience in your daily life. Your paper must be at least 100 words. It should be a well written paper. with a coherent ow. Do not answer these prompts in a series of bullet points. Use the following guidelines when composing your paper: 0 In one or two sentences, provide a summary of the video. Tell the reader What is going on in the video you watched. 0 Identify what type of externality this is, who is causing the externality. and who the third parties are. 0 Explain how you could force those imposing the externality to internalize it. 0 Provide personalized examples of both positive and negative externalities that you experience in your daily life. Note: Your assignment will be checked for originality via the Turnitin plagiarism tool