Externalities

Q1(d) Give the formula used to work out social costs.

Q2(f) Give one reason the US government fines drivers to cut negative externalities (context: traffic-light cameras).

Q3(b) Multiple choice picking the external cost (litter, rent, indirect tax or vaccinations).

Q1(c) Give the meaning of an external benefit.

Q1(d) Name something that counts as an external cost.

Q2(d) Give the meaning of social benefits.

Q2(d) Give the meaning of social costs.

Q2(g) Data response: how well a tourist tax tackles negative externalities such as overcrowding.

Q3(d) Data response: why education in Japan counts as an external benefit.

Q1(e) Give the meaning of congestion.

Q3(b) Multiple choice picking the formula for social benefits.

Q3(d) Data response: why people discount the harm of heavy mobile phone use.

Q2(c) Name something that counts as an external benefit.

Q3(b) Multiple choice picking the example of an external benefit.

Q2(b) Multiple choice picking the formula for social benefits.

Q3(d) Data response: the external costs thrown off by building a residential tower.

Q1(d) Give the formula for social benefits.

Q1(i) Data response: what this kind of regulation does to externalities.

Q3(e) Data response: how far the costs of brick production in Bangladesh fall on third parties.

Q3(d) Data response: why vaccination counts as an external benefit.

Q1(d) Give the formula for social costs.

Q3(b) Multiple choice picking the example of an external cost.

Q1(c) Give the meaning of external costs.

Q1(d) Name something that counts as an external benefit.

Q2(g) Give one reason the state fines speeding drivers to cut negative externalities.

Q1(e) Give the meaning of an external benefit.

Q3(e) Data response: whether fireworks generate more external costs than benefits.

Q2(d) Give the formula for social benefits.

Q1(d) Give the formula for social costs.

Q2(e) Say why congestion counts as an external cost.

Q2(f) Give one reason the state pays private pharmacies to deliver flu vaccinations.