Provide in-depth explanations for full credit. Questions including an opinion will not be graded on the stated opinion but exciusively on the quality of the argument behind it. Fuii credit wiii only be awarded for explanations in your own words, copying without citation is considered cheating. 1. Please list three different qualities of deeds. Afterwards please identify the deed with the highest quality among those named by you and briefly describe which rights are guaranteed in this specific deed. 2. Economic theory often circles around questions of markets and attempts to assess whether a specific market is wellworking, or whether it might lead to inefficiencies. One of the most common inefficiencies is the presence of negative or positive externalities. Please describe what economists mean with those two terms (negative externalities and positive externalities). Do you think that one or both of them could be found in the real estate market? If so, please explain why you think so and provide one example for each type of externality you think exists. If not, please explain why they are absent and offer an example from another market, that is characterized by them. Would you recommend the government so intervene in the market based on the points discussed above