Victoria DuBois, Chapter 3, Question 2

Question two asks about if the issues presented in the chapter affect your life. Directly or indirectly? On a daily basis or more generally? Now or in the future? Externalities affects our lives in all these ways. Some can directly affect your life such as dog owners not picking up after their dogs in the park. That can directly affect your life because you have the chance of stepping in it as you walk by. And this example can also affect you daily or more generally. Maybe that dog owner in your neighborhood doesn't pick up after their dog everyday in which you have to keep your eyes open all the time to make sure that you don't step in it. Or it can affect your life more generally if every once in a while theiy don't pick up after their dog and you have a chance of stepping in it every now and then. Externalities can affect your life now and in the future with things such as air pollution. Wheelan describes the steel plant in Pennsylvania that causes causes air pollution that could one day cause a flood in Bangladesh. That could affect Bangladesh now, or it could affect them in the future.