QUESTION IMAGE
Question
- which are examples of externalities?
pollution
positive effects of vaccination
minimum wage
rent control
Brief Explanations
Externalities are the spill - over effects of an economic activity on third parties. Pollution is a negative externality as it harms third - party individuals or the environment. The positive effects of vaccination are a positive externality since vaccinated individuals protect non - vaccinated ones from the spread of diseases. Minimum wage and rent control are government policies and not externalities.
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Pollution, Positive effects of vaccination