Unit 4 DB: Externalities

Unit 4 DB: Externalities

One definition of Externalities reads as follows.  

“In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party’s activity.” – Wikipedia contributors. (2022, November 18). Externality. In Wikipedia, The Free Encyclopedia. 

List some of the externalities associated with driving a car, smoking cigarettes, or drinking alcohol. For example, a passenger vehicle emits about 4.6 metric tons of carbon dioxide annually.  

Please research and describe at least one externality associated with each of these. With at least two classmates, compare and contrast your findings.  

Answer preview for Unit 4 DB: Externalities


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