the impact of external costs and external benefits on resource allocation; (2.5 marks) Ans : Resources are over - allocated when negative externalities exist because the equilibrium price is too low. Resources are under - allocated when positive externalities exist because the equilibrium price is too high (b)Why are public goods not produced in sufficient quantities by private markets? (2.5 marks) Ans :The main reason is that of free rider problem. Pure public goods have characteristics such
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1. What dangers do you see from increasing globalisation in a world economy? Globalisation refers to the integration and interdependence of the world economy and can be seen by the fact that communications‚ media and business spans the world‚ not just one given economy or even type of economy. Boyes (2011‚ p.6) reports that there are now close to 40‚000 transnationals companies‚ and increase of 300% on just 25 years ago‚ and that these companies make up approximately 33% of all private-sector
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Some people may think that older people enjoy life more than young people do. However in opinion‚ young people enjoy life more than older people do. Young people’ passion and energy are enough to enjoy life more than older people do. The reasons of it are that they do not have to be responsible for numerous tasks‚ that they are much more energetic than the elderly‚ and that they can get familiar with new technologies even faster than old people. First of all‚ young people do not have much responsibility
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This may lead to significant recovery in the initial few months‚ which may continue for up to two years‚ although the maximum recovery is within first three months. The recovery is definitely better with good supportive care‚ brain-tonic medicines‚ maintaining nutrition‚ and most importantly‚ good physiotherapy by a team of experts. Infections of any kind are to be carefully avoided. Tall claims about stem cell transplant in traumatic brain injury are all unfortunately without any scientific evidence
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Melanie Brown Final Draft AP English Description and Narration "Once More to The Lake"‚ by E.B. White portrays desscription and narration‚ refelcting the general sentiment by describing the experiences with his son that he shared with his father at a later time. White utilizes adjectives to emphasize that his son reminds him deeply of himself. Illlustrative description conveys how personality traits of families get passed down to younger generations. White sees and describes
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tipsiness of love weakens and sunlight disinfectant reveals the true colours of the individuals they have wed. Instantly‚ this brings a soberness which will result in a matured or immature response. Almost a year to date I penned an article titled‚ “The More Things Change‚ The More They Remain The Same”‚ which looked at the subtle and glaring changes that have occurred in West Indies cricket over the past two years. The majority
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More than Basketball At first glance‚ basketball may seem like an easy concept to comprehend. It’s pretty basic; two teams compete against each other to shoot a ball in a goal more than one another‚ scoring more points‚ thus winning the game. Simple enough‚ right? Well‚ basketball goes a little deeper than that. It is quite a bit more than what meets the eye and can even get a little complicated at times. However‚ sticking to the basics is what will be done in this essay for getting in depth would
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Once More to the Lake The essay “Once More to the Lake” by E.B. White was about a man who had a great sense of nostalgia after he reminisces old childhood memories of a lake in Maine. The author begins to feel a sense of immortality and is in denial of the fact that he’s not a child anymore. He begins to realize that we cannot relive or recreate our childhood‚ only visit the locations it took place. Throughout White’s essay‚ he begins to convey his confused and deniable emotional roller coaster
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February Con Case Resolved: In the United States‚ Organized Political Lobbying Does More Harm than Good I would just like to start off with a quote from the US court of Appeals..... "In support of the power of Congress it is argued that lobbying is within the regulatory power of Congress‚ that influence upon public opinion is indirect lobbying‚ since public opinion affects legislation; and that therefore attempts to influence public opinion are subject to regulation by the Congress. Lobbying
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causes more good than bad even though some may not notice. Conflict causes more good than bad when people have their own opinions‚ when people communicate‚ and when people have emotions about a problem. Conflict causes more good than bad when people have their own opinion. The way it causes more good than bad is when people have their own opinion when something good or bad happens because it causes them to think about what happened‚ and they will have an opinion about it. Conflict is good when it
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