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Externalities - An externality is such type of outcome which is not directly incureed by the producer but its consequences are incurred by society as a whole. The externalities can be negative as well as positive.
Negative externality- A externality that has a negative and harmful effect on society, as well as firms, are called negative externalities.
- For eg., A firm polluting the environment to save the cost of production will have negative consequences on society as a whole.
Positive externality - An outcome of the decisions and execution of a company that has led to positive consequences for both company and the society.
- For eg., the perfect example of positive externalities is the research and development work of any company. The research and development benefits not only the company to enhance its efficiency but it also benefits society by gaining the knowledge from the research, employment from work, etc,
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The Immigration Act of 1924 produced highly discriminatory results because it set a max on how many immigrants could come to the US depending on what country they came from.
For example, there were many more opportunities for citizens from countries like Germany, Great Britain, and Sweden in comparison to individuals from Italy or Russia. Here are some numbers to support this claim:
Germany's Quota (aka amount that could come into US)- 51,227
Great Britain and Northern Ireland's Quota- 34,0007
Sweden's Quota- 9,561
Italy's Quota- 3,845
Russia's Quota-2, 248.
Answer:
By extending their arguments to address entire nations, some social Darwinists justified imperialism on the basis that the imperial powers were naturally superior and their control over other nations was in the best interest of human evolution.
Ethnocentric: Imperial nations sometimes believed that their cultural values or beliefs were superior to other nations or groups. Imperial conquest, they believed, would bring successful culture to inferior people. Empires sought strategic territory to ensure access for their navies and armies around the world.
Explanation:
