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Unit 10 - Positive and Negative Externalities Homework Instructions: This homework will provide you with an opportunity to apply the ideas and concepts from the chapter readings, lecture notes, and videos. You should (1) write out the answers to each question either in the space provided in this document, or on separate paper, then for class credit, (2) submit your answers using the appropriate unit homework quiz on D2L/Brightspace. Question 01: Externalities - Describe the following scenarios in terms of whether they generate a positive or negative externality - for a couple scenarios this may depend on your point of view! Scenario Externality: Why? Positive or Negative Living a mile away from an international airport Your neighbor spending $10,000 on new landscaping for his yard Your neighbor's watchdog, who is known to have an unpleasant disposition A super student in a class in which grades are curved A chemical plant discharging 20,000 metric tons of toxins a month in a nearby stream Question 02: Explain what is meant by the tragedy of the commons. This term is in Chapter 13 of your textbook. You can also do a google search for additional information