PUBLIC GOODS THEORY Paper
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What are the two major properties or characteristics of Public Goods? Use specific examples to illustrate each.
What are some of the problems relating to Public Goods? Use specific examples.
- What is an externality? Do you think negative environmental externalities should be included in the cost of production of goods and services? Use a specific example of an externality in your answer.
- Do you think ecosystems should be considered public goods? Why or why not?
- Do you think the Tragedy of the Commons is inevitable? Why or why not?
- Requirements:
- 1. Mention at least 5 specific points as you address these 5 questions
2. Explanation at a critical level, not just recitation of facts
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