onal .nger on Top? Educational T..a University Login-Marym..la University Studen

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onal .nger on Top? Educational T..a University Login-Marym..la University Student Portal Login YouTube to mp3 Music Chapter 4 Assignment Saved 13 Match each of the following characteristics or scenarios with either the term negative externality or the term positive a. Overallocation of resources: (click to select) b. Tammy installs a very nice front garden, raising the property values of all the other houses on her block: (Click t c. Market demand curves are too far to the left (too low): Clickteselect) : d. Underallocation of resources: (Click to select) e. Water pollution from a factory forces neighbors to buy water purifiers: Cick to select) 10 polnts eBook Print References

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Answer

a. Negative externality- over allocation of resources would result into an negative externality as consumtion will get increased and the there will not be an efficient outcome .
b. Positive externality - since the values of the houses get increased so signs of positive externality exists
c. Positive externality when market demand curve is too far to left its a positive externality
d. Positive externality under allocation would lead to less consumption and there will be efficient outcome therfore it will be a positive externalty
e. Negative externality because people will buy more purifiers and the consumtion level will get increased than optimum level so it will be a negative externality.

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