Friday, January 19, 2007

Unit 2: Climate change negative externalities

This clip shows some of the negative externalities associated with CO2 emmissions

< http://www.bbc.co.uk/mediaselector/check/nolavconsole/ukfs_news/hi?redirect=st.stm&news=1&bbram=1&bbwm=1&nbram=1&nbwm=1&nol_storyid=6267649 >

a) What are these effects?
b) Why would an economist class them as examples of negative externalities/external costs?

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