Wednesday, October 1, 2014

Jonathan Webb, Chapter 3, Question 2

     Negative and positive externalities are issues that definetly affect our lives. Whether it's the nice view of a lake when walking around it or people smoking cigarettes or using gas gussiling cars, they affect our daily lives. Externalities can affect us both directly and indirectly. By just using the examples in the book, smoking cigarettes, that affects you directly by inhaling the 2nd hand smoke. Then you have your hummers or other poor gas mileage cars who affect the earths atmosphere and can contribute to global warming (if you believe in it). Another quick example of a externality indirectly affecting you can be someone who is sick, and they don't wash their hands throughout the day. Sometime in the day when you both our eating lunch and he hands you some food which you eat, he just raised the chances of you getting sick very high. Positive and externalities happen every day. And it's kind of like the direct or indirect effect, it can affect you now and in the future. The most important thing Is to figure out how we deal with these externalities; what's the best way of dealing with the positive and negative.

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