Answer:
With Spain they signed a Pinckney Treaty
Explanation:
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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Answer:
The cotton gin increased productivity in the US and enhanced the economy.
Explanation:
When Lincoln died, the nation was thrown into trying to rebuild from the civil war, multiple slavery sympathizers got government positions so they introduced new stuff that was like slavery but not directly linked to it. Some of those systems still stand today, it’s sad. GOD BLESS AMERICA
Tariffs can help domestics producers but can hurt consumers. Governments impose tariffs on imported goods and services to make them more expensive to consumers. Tariff provides revenue to the government and give a price advantage to domestic producers. While it protects domestic industries, it can also hurt foreign producers.
