Explanation:
Externalities may be defined as the cost or the benefit that has an affect on the third party who did not incurred for that benefit or the cost. In other words, it is the consequences or the side effects of a commercial activity which affects any other party.
Externalities can be both positive as well as negative externalities.
The positive externalities for a new stadium for the Colombus Screw are --
- it can become a landmark overtime and it will generate pride in times to come
- any sports and athletics facilities bring many benefits to the neighbors
- many nearby households and firms which have no direct connection with the stadium can see a source of income because of the construction
And the negative externalities are --
- During a game event, there will be overcrowding, noise and pollution in the locality
- some external costs are the health problems and the inconvenience of those public who are affected by the game days
A body of fundamental principles or established precedents according to which a state or other organisation is acknowledged to be governed
The complete sentence is "Infants show less strange anxiety when they are in familiar settings." The Stranger Anxiety is the fear that babies manifest in unfamiliar situations, places or people, this anxiety diminishes when the baby meets a stranger in a familiar environment, such as the house.
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1a. True
There a much higher population
1b. True
Puerto Rico is growing rapidly