https://padlet.com/palaksmathur/tubxvg8sbaub To be able to evaluate whether government intervention is required to correct externalities en-us 2019-01-15 08:23:40 UTC 2019-05-15 08:17:35 UTC hello@padlet.com https://padlet.net/icons/png/1f5fa.png https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360230682 a) Taxes implemented on cigarettes and other smoking goods like shisha and medwakh.

b) The externality is negative as it is the addiction which is smoking and the government is placing a tax to promote an anti smoking program to convert smokers to non smoking citizens.

c) The impact of government intervention in this scenario is going to reduce the pollution generated by smoking goods ]]> 2019-05-15 08:00:54 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360230682 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360230726 2019-05-15 08:01:04 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360230726 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360230966 It links to sustainability as we need to sustain and protect the habitats on the planet. ]]> 2019-05-15 08:02:00 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360230966 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360230991 -eternality: likelihood of lunch cancer decreases 
-less cigarettes will be purchased. 
(positive externality) ]]> 2019-05-15 08:02:07 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360230991 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231007 The externality is negative it is the flu disease and the government is launching a vaccination program to convert antivaxers to vaccinated citizens.]]> 2019-05-15 08:02:11 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231007 dia18275 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231074 Yes.]]> 2019-05-15 08:02:32 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231074 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231188 The externality is negative - there is an external cost because of the pollution.The government will have to pay 2 million dollars to first reverse the damage. The government should intervene by punishing those that pollute the river and providing a place for Chemex to dump their waste. ]]> 2019-05-15 08:02:52 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231188 dia18275 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231211 There are negative externalities which are the external costs due to extreme amounts of waste/pollution which will require lots of money to undo. ]]> 2019-05-15 08:02:59 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231211 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231355 Yes]]> 2019-05-15 08:03:28 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231355 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231597 It is economical use of resources as the social costs - The cost of the vaccination program are outweighed by the reduced cost of welfare during the flu season.]]> 2019-05-15 08:04:21 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231597 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231877 Yes]]> 2019-05-15 08:05:30 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231877 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231921 yes

]]> 2019-05-15 08:05:39 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231921 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231951 Yes]]> 2019-05-15 08:05:47 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360231951 dia18275 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232007 Yes]]> 2019-05-15 08:05:59 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232007 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232038 Yes]]> 2019-05-15 08:06:05 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232038 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232111 it will decrease supply for cigarettes as the prices for tobacco are increased due to the tax]]> 2019-05-15 08:06:17 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232111 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232146 We can look through more case studies detailing the social costs and benefits of situations. ]]> 2019-05-15 08:06:26 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232146 dia18275 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232152 Yes]]> 2019-05-15 08:06:27 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232152 dia18275 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232234 Look into it more through research.]]> 2019-05-15 08:06:41 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232234 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232255 Yes]]> 2019-05-15 08:06:49 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232255 https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232622 Thinking, communication ]]> 2019-05-15 08:08:15 UTC https://padlet.com/palaksmathur/tubxvg8sbaub/wish/360232622