Q graphically portray the following a a negative

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1. Q: Graphically portray the following:(a) A negative externality(b) A positive externality
Page3of4Jason RainesMicroeconomics (2600) 9:30 amAssignment 62. Q: Graphically represent the following:(a) A corrective tax that achieves the socially optimal output2
(b) A corrective tax that moves the market output farther awayfrom the socially optimal output than was the case before the taxwas applied3
-Chapter 202. Q: If country A is better than country B at producing all goods, will country A still be madeoff by specializing and trading? Explain your answer.
7. Q: Suppose the U.S. government wants to curtail imports. Would it be likely to favor a tariffor a quota to accomplish its objectives? Why?
-Working with Numbers and Graphs

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