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WebOct 30, 2024 · In just a few months, the pandemic devastated the U.S. economy. In the first quarter of 2024, growth declined by 5%. 3 In April, retail sales plummeted by 16.4% as governors forced the closure of non-essential businesses. 4 The closure put many people out of work, lifting the number of unemployed workers to 23 million. 5 WebJun 2, 2024 · From an economic perspective, externalities are costs and benefits that impact someone other than the producer or the consumer of a good or a service. Externalities that place a cost on someone, on a community or on society as whole are known as “negative externalities.”. Put another way, a negative externality happens when … WebEcono Insight is a Social Media network that gives your current insight into the economics field. You can also find current economic activities including the... coam physics