Ashworth College Carbon Dioxide Externalities Discussion

Question Description

I’m working on a macro economics project and need an explanation and answer to help me learn.

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Your topic for the written project will be externalities (Chap 12).  This paper is worth 10% of your final course grade.  Include the following elements in your paper:

  1. The externality you chose. Explain in detail why this an externality.  Has this externality always been considered as such?  (historical context)
  2. Explain what unintended consequences this externality has caused including the specific impacts.
  3. What method has the government used to attempt to correct this externality? Be specific.
  4. Could another method of correction be used? Explain why or why not.

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