Answer: Externalities are side effects (good or bad) that occur when a person or a company performs an activity and does not assume all the costs of it, or all the benefits that could be reported. In this way we can distinguish:
Negative externality: Arises when not all the costs of a negative effects are assumed. In these cases, a social cost is generated, since it is the whole society that suffers the consequences of its actions. And the market price does not collect this cost.
Positive externality: Arises from a positive effect that is not reported as a benefit. An example of positive externality that we can mention is scientific research, from which society in general benefits. In these cases, market place do not reflect the real benefits.
The charter boat needed to use the joint stock companies phone to a police.
Answer:
cultural revolutions lead to changes in society because the immigrants
were forming cultural groups and coming together in small hidden parts of town and this lead to nativism.
Explanation:
During the third step of the scientific method, when researchers test the hypothesis, they conduct <u>empirical research</u>.
<h3>What is the 3rd step in
scientific method?</h3>
Basically, the scientific method refers to the process of objectively establishing facts through testing & experimentation. It involves the process of making an observation, forming a hypothesis, making a prediction, conducting an experiment, analyzing the results etc.
The third step in the scientific method is the need to collect and analyze data, that is, the testing of hypotheses by conducting Empirical research by collecting and analyzing data.
Hence, when researchers test the hypothesis, they conduct <u>empirical research</u>.
Read more about Empirical research
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