Provide an Example of a Positive Externality and Explain: 1)

question 27

Essay

Provide an example of a positive externality and explain: 1) why it should be considered a positive externality and 2) what could be done in order to internalize the externality.

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Definitions:

Reactants

Substances initially present in a chemical reaction that are consumed during the reaction to make products.

Products

Substances resulting from a chemical reaction, process, or biological pathway.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Carbon Dioxide

A gas that lacks both color and odor, produced from the combustion of carbon and organic elements, and through respiratory activities, captured by plants for their photosynthesis process.