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.
Answer:
A. protect people's natural rights
Explanation:
During the Age of Enlightenment, the concept of natural human rights as we know it started to emerge. The thinkers of this age were the first to question the authority of the absolute monarch. The idea that kings have all the rights shifted in favor of the idea people have their own rights, gained by birth.
<u>Natural human rights included rights to life, liberty, and property</u>. By their ideas, <u>the government was the one who should ensure all people have these rights</u>. They are universal, despite the beliefs or the government that holds the law. In case these universal rights are not fulfilled, people have all the right to overthrown the government that has not provided them.
Louisiana State penitentiary
Stock imparts ownership in a corporation
Archaic Period. Hope this helps
