Micro 6.1-Defining Externalities-Externality #4-Biking in Amsterdam

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=DKbRL6Opifg&t=22s
Externality #4. How Amsterdam Became a Cycling Paradise
1

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

1

Was society being affected in this video?

1

Initially, 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....