Answer and explanation:
Externalized costs are costs that the society pays that are generated by producers and the consumers of the product. The common example is the use of petrol. If I own a car and I don't like riding bicyle for smaller distances, this means the Carbon dioxie emission caused due to me have to be born by the society. This means that the net effect would be a loss to society caused by the usage of products that are injurious to our ecosystem.
UK has targeted to achieve zero Carbon dioxide emission by 2050, which shows their commitment to social responsibility and we keep dumping things in the oceans because nobody acknowlegdes the damage caused by using plastic made products and also not recycling it. After plastic into the oceans the marine life suffers. The Carbon Dioxide emission is one of the main reasons why the glaciers are melting and many animals are dying annually. We unaware with our responsibilities to our society and love profits no matter if someone dies or get harmed by the operations of the company or using products that have greater externalized costs.
<h3>In the given scenario unemployment rate is 10%
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Explanation:
In the given problem,
Number of People who are working is 90,000
Number of People who are not working but looking and available is 10,000
Unemployment rate = Percentage of the total labor force that is unemployed but actively looking for employment and ready to work.
Unemployment rate = ((Unemployed people * 100) / (Total people in an economy (Working + Available for work)))
Unemployment rate = ((10000 * 100) / (90000+10000))
Unemployment rate = (1000000 / 100000)
Hence, Unemployment rate = 10%
Based on the given information, Joe lives in the mixed economy, and he is interested in purchasing the private building.
<h3 /><h3>What is mixed economy?</h3>
A mixed economy is the system that combines the system of both the economy, means the combination of capitalism and socialism, is called the mixed economy.
This system defends <u>private property </u>and allows a degree of freedom in economy in the use of capital.
But it also permits for governments to interpose in economic activities in order to accomplish social intents.
Therefore, in the above case, Joe lives in the mixed economy, and purchasing the private property.
To learn more about the mixed economy, refer to:
brainly.com/question/2343400
