Suppose your community is considering using public money to build a new sports stadium for a new team that will only stay in the community if it is built for them. Suppose you are watching a news broadcast in which the supporters are saying that it is a good idea because, even though they don't go to the games, it is more fun to live in a town with a team and it is to live in a town without a team. The supporters are relying on the

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The supporters are relying on the externality argument, which is the idea that even those who do not directly benefit from the team or stadium will still benefit from the increased sense of community and economic growth that can come from having a sports team or stadium in the area. This argument suggests that the benefits of building the stadium will be felt by the community as a whole, not just those who attend games or directly benefit from the team's presence.

Suppose Your Community Is Considering Using Public Money to Build