Question: Who was Adam Smith, and what does he mean when he talks about the Invisible Hand?Starting on p. 10 of my notes I discuss externalities.
Who was Adam Smith, and what does he mean when he talks about the Invisible Hand?Starting on p. 10 of my notes I discuss externalities. Give one example of a negative externality or positive externality you have caused. Explain how this negative externality might get corrected through government action, or perhaps through private action
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