Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A deliberate trade might decrease cultural government assistance in the event that outside costs exist. The individual who is impacted by the negative externalities on

image text in transcribed
A deliberate trade might decrease cultural government assistance in the event that outside costs exist. The individual who is impacted by the negative externalities on account of air contamination will consider it to be brought down utility: either emotional disappointment or possibly unequivocal expenses, like higher clinical costs. The externalitv might even be viewed as a trespass on their lungs, disregarding their property freedoms. Hence, an outside cost might represent a moral or political issue. Negative externalities are Pareto wasteful, and since Pareto effectiveness supports the legitimization for private property, thev subvert the entire thought of a market economy, Therefore, negative externalities are more risky than positive externalities.[1o]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics Principles And Methods

Authors: Richard A. Johnson, Gouri K. Bhattacharyya

7th Edition

8126557745, 470904119, 978-0470904114

Students also viewed these Law questions

Question

Describe the four techniques for allocating resources.

Answered: 1 week ago