Answer: Externalities are side effects (good or bad) that occur when a person or a company performs an activity and does not assume all the costs of it, or all the benefits that could be reported. In this way we can distinguish:
Negative externality: Arises when not all the costs of a negative effects are assumed. In these cases, a social cost is generated, since it is the whole society that suffers the consequences of its actions. And the market price does not collect this cost.
Positive externality: Arises from a positive effect that is not reported as a benefit. An example of positive externality that we can mention is scientific research, from which society in general benefits. In these cases, market place do not reflect the real benefits.
C
...........................
Answer:
A
Explanation:
because it's a stronger education
Answer: What is the other motorist likely to do in response, according to the authors of your text:
The other motorist is likely to accept the apology and maybe collect a token fee for repairs.
Explanation: This is because according to the text above which says "It's my fault; I should have been paying closer attention to driving. I'm sorry." That statement alone shows the true sincerity in the apology which would calm the tension or anger of the other motorist. And the matter would likely to be solved amicably.
Right off the bat, we can eliminate A. The EPA is not in charge of health and safety education. Neither is D.
B is the most valid choice.
