Answer:
Domination of two types of the sector in society decides the nature of its economy in the united states.
Explanation:
1. "Post-Industrial" of the United States society:
- post-Industrial society is based on service and information, manufacturing of goods and food production on a massive scale is NOT there.
- Positive aspects of post-industrial American society are such as, self-fulfillment and individual rights are more important.
2. "Industrial society" of the United states:
- Loss of skill from pre and industrial society leads to the struggle for resources and survival.
- Industrial society is driven by mass-scale production and the use of technology.
Answer:
The given situation is an example of an<u> (A) External cost</u>
Explanation:
The Coase theorem is a theorem of economics and law, which states that in presence of an externality, if trade is possible and the transaction costs are low then the bargaining will result in a Pareto efficient outcome, despite of the property's initial allocation.
Therefore, this theorem describes the economic efficiency of an economic outcome in the presence of externalities.
As given, the parties in the college fraternity party is a negative externality as it can impose an external cost to the third party.
<u>Therefore, this is an example of an external cost. </u>
Answer: A. Punishment
Explanation:
operant conditioning could be an associative learning process in which behaviour is strengthen by reinforcement or punishment.