Friday 2 October 2009

Economics HW ( pictures)

I think those pictures are related with externalities... The picture with the cars on it, shows the negative externality, because cars pollute the atmosphere, which effects entire world. But the picture without cars in it demonstrates positive externality, because there are no cars , the atmosphere is clear, it,s not polluted, this is a benefit to entire world. This decreases the Global warming effects.

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