Micro 6.1-Defining Externalities-Externality #1-China Bike Sharing

Last updated about 1 year ago
6 questions
Today we will watch 4 video clips. Each video clip will help us discover one of the 4 types of externalities.

https://www.youtube.com/watch?v=nwNdNL2GA3U
Externality #1. Bike Sharing Bubble
1

In 1-2 sentences, briefly describe/discuss the economics decision-makers (producers and consumers) in the clip.

1

Setting the humor aside, was society being negatively or positively affected in this video?

1

The reason society was being affected, was because....

1

Based on your answer, is this is supply issue (production) or a demand issue (consumption)?

1

To fix the externality...

1

This video shows an example of a....