Write 2 paragraphs or more, on each of the Economic/social issues below. You should apply your knowledge and understandi

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Write 2 paragraphs or more, on each of the Economic/social issues below. You should apply your knowledge and understanding of Market Externalities, spillover-costs, Spillover-benefits, public goods discussed in class. First describe the issue, secondly why do you believe it to be a market externality. Discuss the role the Federal, or state government has taken on to address these issues. Choose 1 from column (A), and 1 from column (B). You will be graded on the structure of your paragraphs, how clearly you apply the theory of Market externalities.
Column A Column B
Gun violence in America Healthy lifestyles
led in paint/ environmental issues seatbelt laws/ tsa check point
#3 You have just found a home recently put on the market for sale. It is 15 years old and seem to be in reasonably good condition and the salesman is encouraging you to sign the contract. Use the concept of Asymmetry Of Information to explain how you, and other prospective home buyers like you might be concerned-or might be impacted. Feel free to use an example. Has any laws been passed that addresses this issue? Explain.