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.
When the scenario is based with Sociologist Victor
Rodriguez, the reason that Jeff and Matthew participated in the riot was
because that they suffered from anger and frustration in which is because of
the fact that there is a presence of gasoline shortage.
The correct answers are
It led to riots and destruction of Jewish shops, homes, and synagogues.
It turned German citizens against Jews.
The propaganda campaign led by Adolph Hitler during the 1930's lead to German citizens despising Jewish citizens and blaming them for Germany's past economic and social problems. A lot of this propaganda came after Hitler's famous book <em>Mein Kempf. </em>After Hitler rose to political power, he used political propaganda, posters, speeches, and radio programs to reinforce his ideas of Jewish people being the source of all German problems.
