"The West has a higher potential for a negative externality to its free resources" reflects the content in the map.
Option D
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Explanation:
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A negative externality is a cost that is endured by an outsider as an outcome of a monetary exchange. In an exchange, the maker and customer are the first and second gatherings, and outsiders incorporate any individual, association, property proprietor, or asset that is in a roundabout way influenced.
Externalities are additionally alluded to as overflow impacts, and a negative externality is likewise alluded to as an 'outside cost'.
Externalities ordinarily emerge in circumstances where property rights over resources or assets have not been apportioned, or are unsure. For instance, nobody claims the seas and they are not the private property of anybody, so ships may dirty the ocean unafraid of being indicted.
The significance of building up property rights is fundamental to the thoughts of compelling Peruvian financial expert, Hernando De Soto, De Soto has broadly contended that effective market economies need a far reaching distribution of property rights to empower them to completely create.
Answer: I will notify the auto manufacturer.
Explanation:
I will notify the auto manufacturer if I find myself in such situation. The impact of a good communication in organization should not be underestimated. The ideal thing to do is to make the auto manufacturer aware of the present situation. Communication effectively ensures that the auto manufacturer receive information regarding the transaxle and helps in building a positive relationship.
Not informing the auto manufacturer about the situation with the transaxle will lead to lack of trust and enhance a negative relationship when he eventually founds out about it. One's reputation is also affected if one doesn't inform him and the trans axle eventually breaks down as envisioned.
It is essential that I give him timely updates and adequate information regarding the project.
Answer:
The corm farmers should reduce or decrease the number of acres on which they plant the corn. Therefore, the correct answer is C
Explanation:
The demand for the product is inelastic which means it is a situation or scenario in which the demand of the product does not increase or decrease likewise with rise or fall in the price of the product.
In order to increase the aggregate revenue on the product (corn) whose revenue is inelastic, the farmers should decrease the number of acres on which they grow or plant the corn.
Answer:
5. They are all neccessary
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