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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. 

  1. 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. 
  2. Do you think ecosystems should be considered public goods? Why or why not?
  3. Do you think the Tragedy of the Commons is inevitable? Why or why not?
  4. Requirements:
  5. 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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