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Match each externality term

Exercise and reference answers

Matching pairs
  1. Left
    Externality
    Right
    Effect on a third party
  2. Left
    Spillover
    Right
    Another name for the same
  3. Left
    Social cost
    Right
    Private plus external cost
  4. Left
    Pollution charge
    Right
    A tax on emissions
  5. Left
    Marketable permit
    Right
    Firms may buy and sell it
Instructions
Tap a term on the left, then tap its meaning on the right.

Explanation

_Source: OpenStax Principles of Microeconomics for AP Courses 2e (CC BY 4.0), Ch 12 'Environmental Protection and Negative Externalities'_
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