Answer:
What do pollution, education, and your neighbor's dog have in common?
No, that's not a trick question. All three are actually examples of economic transactions that include externalities.
When markets are functioning well, all the costs and benefits of a transaction for a good or service are absorbed by the buyer and seller. For example, when you buy a doughnut at the store, it's reasonable to assume all the costs and benefits of the transaction are contained between the seller and you, the buyer. However, sometimes, costs or benefits may spill over to a third party not directly involved in the transaction. These spillover costs and benefits are called externalities. A negative externality occurs when a cost spills over. A positive externality occurs when a benefit spills over. So, externalities occur when some of the costs or benefits of a transaction fall on someone other than the producer or the consumer.
Explanation:
<span>Socrates taught that reasoning was the way to truth.
Greek Philosopher Socrates left a legacy aptly named Socratic Method.
Socratic Method is a way of seeking truth by continually asking questions after clarifying questions until one arrives at one's own understanding. This method calls for common speech and common sense.
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The goals of the United States and Soviets were, 1.) To spread either communism or Democracy 2.) To be the most advanced in technology 3.) To be the first to land on the moon 4.) To be the most supreme power
Actions that were taken- 1.) Each country spent billions of dollars. 2.) Soviets tried to spread more and more Communism. 3.) United states creates the Truman Doctrine and Marshall plan to help aide countries in not turning to Communism. 4.) Both Countries seek out to find ways to land on the moon. 5.) Both countries spend more and more to have the greatest army.
