Answer:
The correct answer is option c.
Explanation:
Externalities refers to the situation in which costs or benefits arising from the activities of someone are incurred or received by the some other third party.
Externalities can be classified into two types, namely, positive and negative.
In case of negative externalities the cost arising from the activities of some person are incurred by a third party.
Negative externalities lead to market failure.
Answer:
B. Holly's statement is normative, but Ben's is positive.
Explanation:
Positive statements are based on objective deduction of what is, or was. It is based on facts. Ben's comment "an increase in the tax on beer will raise its price", is an example of positive statement.
Normative statements are subjective and based on individual values and judgement. In her statement Holly appears to be biased against drinking much. She says "taxes should be increased on beer because college students drink too much." Is a normative statement.
The approach that Mr. McKay is using in the setting is the
problem based learning. The PBL or the Problem based learning is defined as a
student centered pedagogy by which students are likely to learn a particular subject
based from the experience of having to solve open ended problem found in a
material that triggers it.
Answer:
government corporation
Explanation:
A government corporation is a government-owned firm that operates with the same integrity as a private company, except that the owner is government. Every government company is chartered by legislative act. Government corporations are typically created in markets where there is a natural monopoly, they are significant to the country's infrastructure, natural resources, and general public interest.
Explanation:
Period costs are always expensed on the income statement in the period in which: they are incurred.
