Answer:
What do pollution, education, and your neighbor's dog have in common?
No, that's not a trick question. All three are actually examples of economic transactions that include externalities.
When markets are functioning well, all the costs and benefits of a transaction for a good or service are absorbed by the buyer and seller. For example, when you buy a doughnut at the store, it's reasonable to assume all the costs and benefits of the transaction are contained between the seller and you, the buyer. However, sometimes, costs or benefits may spill over to a third party not directly involved in the transaction. These spillover costs and benefits are called externalities. A negative externality occurs when a cost spills over. A positive externality occurs when a benefit spills over. So, externalities occur when some of the costs or benefits of a transaction fall on someone other than the producer or the consumer.
Explanation:
The content of the Northwest Ordinance has set a precedent for everyone. The Northwest Ordinance set several important precedents. Unlike many who left the new territories from inferior positions.
A precedent definition is a decision that provides a basis or reason for a future decision. An example of precedent is the Brown v. Board of Education decision defining future anti-racism laws.
A precedent is something that precedes or precedes. The Supreme Court relies on precedent, a previous law or decision that serves as a few examples or rules that can guide if they actually decide. Case law promotes judicial restraint and limits a judge's ability to determine the outcome of a case in a way that judges may choose in the absence of precedent. The function of this precedent gives it moral strength. Use cases also improve efficiency.
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The Manhattan project employed 130,000 people to create nuclear weapons
Answer:
During the colonial era, Britain and its colonies engaged in a “triangular trade,” shipping natural resources, goods, and people across the Atlantic Ocean in an effort to enrich the mother country.
Trade with Europeans led to far-reaching consequences among Native American communities, including warfare, cultural change, and disease.
Although the British government attempted to control colonial trade through measures like the Navigation Acts, it only sporadically enforced trade laws.
Explanation:
Answer:
The north had a much more industrial revolutionized approach toward their lifestyle, while the south was more inclined with slave -labor. The north made a living from industrial lifestyles rapidly producing many products like textiles, sewing machines, farm equipment, and guns. Factories and railroads were very common in the north. A majority of voters in the north opposed slavery because they feared slave labor would threaten the status of free white workers and would compete with free labor.
The south was a lot more rural than the north making a living from plantations and small farms. Most of the south's economy relied on cotton. Only one third of the whole nation's population lived in the south in 1850. Free white slave owners in the south feared that if slavery was restricted, it would lead to a social and economic revolution.
Explanation:
