Using a minimum of 3 approved sources (articles from major news outlets, academic journal articles, textbooks), post an original 4-5 well-developed paragraph response to the questions below by June 5th at 11:00pm and respond to at least two classmates' responses by June 8th at 11:00pm. Source documentation should be parenthetical (e.g. Smith 2010) and a list of sources must be included at the end of the initial post.
Research a good or service that creates a positive or negative externality.
Explain the good or service and the corresponding externality that it creates.
Propose a form of government intervention to correct this externality or explain the form of government intervention that already exists.
If there is existing government intervention, does it correct the externality problem?
Propose a market-based solution that would fix for the problem rather than government intervention. Evaluate the expected effectiveness of your market-based solution compared to government intervention.
Based on your analysis, do you think it is appropriate for the government to make decisions on our behalf and reflect those decisions in their policies? In formulating your answer, consider the circumstances under which such intervention may or may not be appropriate.