Question: Explain the difference between a negative and a positive externality. How do externalities affect our lives? What are the relationships on a circular flow diagram.

Explain the difference between a negative and a positive externality. How

do externalities affect our lives? What are the relationships on a circular

Explain the difference between a negative and a positive externality. How do externalities affect our lives? What are the relationships on a circular flow diagram. What is a decision-making model and how can it be useful

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How do externalities affect our lives? Describe a circular flow diagram. What is a decision-making model and how can it be useful?

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