Unformatted text preview: 4. Which is an example of a positive externality? A neighbor's dog who likes to bark and run in your yard, A sewage treatment plant that emits strong odors, A flood control dam that provides a recreational lake, A parking garage next to a public library. 5. Public goods are defined by the two characteristics of: Nonrivalry and nonexcludability, Double taxation and limited liability, Spillover benefit and spillover cost, The free-rider problem and the principal-agent problem. 6....
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This note was uploaded on 03/08/2012 for the course ECO 2010 taught by Professor Staff during the Fall '11 term at University of Central Florida.
- Fall '11