Please provide 200 to 300 word response to the following question. Make sure you start each sub-question in a new paragraph. Use citation rules when possible.
What is an externality? Provide examples. How does an externality affect the market outcome? Is it possible for a government’s solution to a market failure to worsen the failure? Explain your answer.
Please provide 200 to 300 word response to the following question. Make sure you start each sub-question in a new paragraph. Remember to follow to dollow citation rules when possible.
What effect do government intervention, taxation, and regulations have on economic behavior? Explain. What are real-world examples of government intervention, taxation, and regulations? What are the goals of each?
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