Discuss the below in detail:
Q1.Externalities Read the article on Externalities and answer to the questions below.Try to think of two positive and two negative externalities that personally affect you and list/describe them in your response.
Q2. Would you favor imposition of a carbon tax as a method to address global climate change? Explain
Q3. Would your response change if the revenue from collecting a carbon tax was used to reduce income taxes? Explain
Q4. If a market failure occurs, in your opinion, should government intervene, or should the market be permitted to self-correct? Explain