Find two sources to help answer the following questions about the industry of home building. Research any negative or positive externalities the industry produces. Does the transaction of a buyer and seller directly affect a third party? Is the effect a negative or positive externality? How does the externality impact the economy?
Research whether the industry produces public goods or private goods, or is a natural monopoly. Are the goods or resources rival, excludable, or neither? Explain.
All Work MUST be done on the attached template (Appendix B). Include APA-formatted references and a summary of the major points in the articles or Web sites.
I am including an Appendix B example.
Please see the attached file.
Axia College Material
Article or Web site reference:
Caldwell, E, (2007 August, 28), "Green" House To Open Doors To Show Its Attributes, USA TODAY, Retrieved on September 3, 2007 from: http://www.usatoday.com/tech/science/space/2007-08-28-envirohome_N.htm
Summary of Article or Web site:
One of the greatest challenges for homes is to be strong enough to stand up to the elements as well as be environmentally friendly. With the building of a home there are negative externalities, the home does not blend in with the ...
This solution talks about positive and negative externalities of industry. It then explores how the transaction of a buyer and seller directly affects a third party.