Answer:
Given these facts, which state would you expect the price of prostitution services to be higher? Why?
- Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.
Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?
- Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.
Answer:
The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).
Explanation:
<em>hope this helps</em>
Answer:
people may not be able to get their tax money they are owed due to government spending
The solution is conciliation, a method of conflict resolution that Joshua is using. It entails the provision of a third party who will act as a judge or someone who will play the role of someone who will try to solve and resolve the conflict of both parties.
<h3>What is conciliation?</h3>
Conciliation is a form of alternative dispute resolution (ADR), in which the disputing parties hire a conciliator to mediate their disputes. They achieve this through easing tensions, enhancing communications, deciphering problems, enticing parties to consider viable solutions, and supporting parties in reaching a consensus.
Both individually and collectively, the parties meet with the conciliator.
Conciliation is different from arbitration in that there is no legal standing for the conciliation process in and of itself, and the conciliator typically has no power to request evidence or call witnesses, write a decision, or issue an award.
To learn more about conciliation from the given link:
brainly.com/question/28139060
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Answer:
negative externality
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
In Economics, a positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.
On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.
This ultimately implies that, a negative externality is generated when a third party receives or bears an unwarranted cost. Some examples of a negative externality is John declining to buy his favorite candy due to an increase in its price, a manufacturing plant that causes noise and pollution to the people living around where it is situated, etc.
