In this situation, the externalities that arise from studying is the unability to enter college and obtain good-paying jobs.
From the description above, we can conclude that Jacob is much more likely to experience these externalities since he does not consider the importance of studying and how it might influence his future.
1. Trade imbalance with Great Britain, which led to Opium imports into China, which the Chinese tried to ban but failed. This led to the Opium Wars.
2. An outcome of the Opium wars was British victory leading to the Chinese signing unequal treaties, opening trade, giving land to the British and forcing the Chinese to pay for the war.
3. The Europeans established 'spheres of influence' in certain territories of China, leading to the Chinese fighting back, to gain independence.
The correct answer in this question is the first option. It is a non governmental organization based in the United States that monitors and promotes democratization around the world. It was formed in October 1941. Freedom House is headquartered in Washington, D.C.