Answer the following questions.

Should governments tax all negative externalities and subsidize all positive externalities in order to get an efficient outcome for society? For example: 1. A column in the 2013 New York Times had the headine, "Should We Tax People for Being Annoying?" a) Do annoying people cause a negative externality? Why? Should they be taxed? b) Do crying babies on a bus or plan cause a negative externality? Should the babies or their parents be taxed? 2. Do people who plant flowers and otherwise have beautiful gardens visible from the street cause a positive externality? Why? Should these people receive a government subsidy? 3. Should every negative externality be taxed and every positive externality subsidized? Explain. 4. How might the government decide whether using Pigovian taxes and subsidies are appropriate