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Explain the term externality in an economic context in your own words.

Explain the term externality in an economic context in your own words. Provide an example of a positive externality which does not involve carbon. It should be well thought out and provide enough detail for the reader to fully understand your example (2-3 sentences). Provide an example of a negative externality which does not involve […]

What is carbon? What’s the difference between plants and animals when it comes to Carbon?Explain 

What is carbon? What’s the difference between plants and animals when it comes to Carbon? When Jim refers to “one of the key balancing acts of life on Earth”, what is he referring to? What are two examples of carbon-based fuel that we use to power industry? What happens to the excess carbon after carbon-based fuels are used? Why is […]

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