Answered: Explain how a global-positioning…

Explain how a global-positioning anti-theft device installed by one car owner can produce a positive spill over to other citizens in a community.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter13: Positive Externalities And Public Goods

Section: Chapter Questions

Problem 6SCQ: Education provides both private benefits to those who receive it and broader social benefits for the...

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Question

1. Explain how a global-positioning anti-theft device installed by one car owner can produce a positive spill over to other citizens in a community.

2. Why are fish in the ocean an example of a resource that suffers from the tragedy of the commons but cattle grazing in a farmer’s pasture does not suffer from the tragedy of the commons?

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