a. The tax working group proposes the tacation of negative externaities i) Explain what is meant by a nagative externality ii) Briefly discuss three examples of negative externalities the tax working group proposes to tax as detailed in this course. iii) What law discussed in class seeks, in part, to prevent adverse effects of negative externalities?

b. You are looking to buy your first home. Please explain the following sources of information and for what reason you would look at them?

i) Certificate of title ii) Zoning information iii) Land Information Memorandum (LIM) report and the council property file

c. You decide to purchase the house discussed in b). i) Name two sources of sales data ii) How would you go about working out the price you should pay for the home you wish to purchase?