Answer:
The given situation is an example of an<u> (A) External cost</u>
Explanation:
The Coase theorem is a theorem of economics and law, which states that in presence of an externality, if trade is possible and the transaction costs are low then the bargaining will result in a Pareto efficient outcome, despite of the property's initial allocation.
Therefore, this theorem describes the economic efficiency of an economic outcome in the presence of externalities.
As given, the parties in the college fraternity party is a negative externality as it can impose an external cost to the third party.
<u>Therefore, this is an example of an external cost. </u>
Answer:
1. Urban settlement has a high rate of urbanization and industrialization is while in a rural settlement, the rate of urbanization and industrialization is quite slow.
2. People in urban settlement are generally engaged in secondary and tertiary sectors while people in rural settlement are generally engaged in primary activities such as cultivation and fishing.
3. Life in urban settlement Fast and complicated while life in rural settlement simple and relaxed
Explanation:
Answer:
Life career
Explanation:
THIS is the complete question
the roles you play in your life, the settings in which they occur, and the major events of your life; the total series of roles and work experiences a person occupies throughout life. ( this includes schooling, continuing education, employment, leisure time activities, volunteer work , homemaking and retirement)
The career can be regarded as metaphorical journey needed as one is learning everyday as well as other aspect of life.
It should be noted that life career involved the roles you play in your life, the settings in which they occur, and the major events of your life;
B. led the Soviet Union to believe that Kennedy would back down if confronted. This is also what led to the Cuban missile chrisis
