Discussion Post
• What is the difference between private and social costs?
• How can the government intervene to force consumers to internalize external costs associated with: a. negative externalities? b. positive externalities?
• Differentiate between a public good and common resources.
• Would a tax on prescriptions drugs be more likely to be progressive or regressive? Why?
• What finances the majority of federal spending?
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.