Question: 1. Please provide an example of a negative externality OR an example of a positive externality. Please explain how your example imposes costs or benefits

1. Please provide an example of a negative externality OR an example of a positive externality. Please explain how your example imposes costs or benefits to a third party. In addition, please provide a link to an article, podcast or video regarding the externality and how third parties are affected.

2. Watch the following video: https://mru.org/courses/principles-economics-microeconomics/externalities-and-incentives-economics-covid

Summarize why COVID-19 Vaccination is considered an example of a positive externality.

3. What are the benefits of an individual getting vaccinated for COVID-19? ---- Please identify internal (to the individual person) and external (to society) benefits.

4. About 66.2 percent of the nation's population, have received at least one coronavirus vaccine dose, according to Washington Post data. This is lower than the socially optimal level. In your opinion, what are two ways to increase the number of people wanting to get and getting vaccinated? Have you heard of any creative plans by states or groups to incentivize people to get vaccinated? Is it working?

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