benefits of its investment? (Add an additional 5% return on all levels of investment.)

4. The Junkbuyers Company travels from home to home, looking for opportunities to buy items that would

otherwise end up with the garbage, but which the company can resell or recycle. Which will be larger, the

private or the social benefits?

5. When residents in a neighborhood tidy it and keep it neat, there are a number of positive spillovers: higher

property values, less crime, happier residents. What types of government policies can encourage

neighborhoods to clean up?

6. Education provides both private benefits to those who receive it and broader social benefits for the

economy as a whole. Think about the types of policies a government can follow to address the issue of

positive spillovers in technology and then suggest a parallel set of policies that governments could follow

for addressing positive externalities in education.
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