Answer:
Your neighbor paints her house a hideous color.
Trash dumped upstream flows downstream right past your house.
Explanation:
Externality can be of two types i.e either positive or negavtive.
Negative externality: The term negative externality refers to the process in which a particular cost is being suffered due to the presence of a third party as a result of a specific economic transaction. In any of the transactions, the consumer and the producer are considered to be second and first parties and therefore any organization, resource, and individual, etc are considered as the third parties that get affected indirectly.
An example of a negative externality is Cigarettes.
Because we have to preserve that thing or let it go for something more valuable.
Answer:
- Provided high amount of natural reserouces
- Located in a strategic trade route
Explanation:
South Africa geographic location granted them with wide variety of resources that have high demand in international market. (such as diamond, iron ore, Gold, Manganese, and Titanium).
On top of that, South Africa is located between 3 major oceans: Atlantic Ocean, Indian Ocean, and Southern Ocean. This made Traders from South Africa to reach Australian Continent , East Asia India, and South America with relatively low cost.
Answer:
expectancy theory
Explanation:
Expectancy theory assumes an person may respond or behave only in certain manner since they are driven to choose a particular behavior over someone because of something they anticipate to be the outcome of such a chosen behavior.
The theory of expectation is really about psychological processes of default, or of option. It describes the mechanisms an person must experience for making choices. Expectancy principle is a motivational theory first introduced from Victor Vroom during the analysis of organisational behaviour.
