Positive externalities - Study guides, Class notes & Summaries

er is 70. • The marks for questions are shown in brackets. • No deductions will be made for wrong answers. For Examiner’s Use Section Mark A B TOTAL 2 Section A Answer all questions in this section. Only one answer per question is allowed. For each question completely fill in the circle alongside the appropriate answer. CORRECT METHOD WRONG METHODS If you want to change your answer you must cross out your original answer as shown. If you wish to return to an answer previous...

How of the U.S. Bureaucracy grown and developed over time? - ️️Americans originally distrustful of large central government after gaining independence. Only three cabinet level departments. Very narrow functions in regards to collection of revenues, maintaining military, etc. The spoils system was in place until President Garfield's assassination's. Government came into a larger role due to more land and growing population. Civil War resulted in more federal agencies. People's ...

Capital Budgeting Process (+1 year): Steps o :## Step 1. Generate Ideas (most important step) o Step 2. Analyze individual proposals (CF forecast) o Step 3. Plan the capital budget (plan capital budget, strategic within company) o Step 4. Monitor and post-audit (follow up) Capital Budgeting Process & Projects o :## Process of identifying and evaluating capital projects, projects where cash flow to the firm will be received over a period longer than a year Capital Budgeting Process: Pr...

The concepts of land are - Legal, geographic and environmental, economic, and social. For appraisal purposes, market value may be defined as - The most probable selling price Appraisal is - The act or process of developing an opinion of value. What is Chattel? - Personal property is generally considered property that is movable,[1] as opposed to real property or real estate. What is a fixture? - any physical property that is permanently attached (fixed) to real property (usually land...

info from transitional neighborhood to get stable An appraiser may be liable for all of the following except: Negligence Misrepresentation Fraud Low value - Low Value For appraisal purposes, market value may be defined as: - The most probable selling price Appraisal is - The act or process of developing an opinion of value. The concepts of land are - Legal, geographic and environmental, economic, and social. The tenant of a small, freestanding retail building is a baker who has i...

WGU C718 Full Study Guide Questions | 104 Questions with 100% Correct Answers | Verified | Latest Update | 25 Pages What is the definition of economics? - Answer ️️ -the study of how humans make decisions in the face of scarcity What are economic and accounting profits? - Answer ️️ -Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting profit Economic - profit computed using explicit and implicit costs Total revenue - Explicit costs -...

Economic Role of Government correct answers 1) Establish Suitable Framework 2) Provide Collective Goods and Services 3) Correct for externalities 4) Promote Competition 5) Promote Macroeconomic Stability 6) Redistribution of Income Externality correct answers An uncompensated gain or loss imposed on one by the maximizing behavior(making life better) of another Negative Externalities correct answers Air pollution, water pollution, visual pollution, noise pollution *Free market will ov...

There is a great deal of debate regarding what people expect of their government. Government's may redistribute income through which of the follow: I. Market intervention II. Transfer Payments III. Taxation A. I only B. II only C. III only D. I and I E. I, II, and III - correct answer E - I, II, and III In module 1, we discussed the six steps of the risk management process. Risk (loss) Reduction is aimed at: A. frequency B. severity C. both frequency and severity D. retentio...

1. facilitates real estate transaction 2. strengthens businesses' ability to operate in risky areas 3. protects wealth/savings of households in risky areas What are three positive externalities that occurred due to access to terrorism insurance? negative externality Pollution from gasoline in a car or industrial pollution would be examples of what? risk pool This is the most common terrorism model for insurance Make Available Provision Federal Loss Provision What are the two main feat...

Where does the scientific community stand with regard to climate change? Is the temperature the rising and, if so, at what rate is this occurring? correct answers 97% consensus that climate change is real. The temperature rise is 4X background rate. Increased 1 degree Celsius. Where does the general public stand when it comes to climate change? Do they agree with the scientific community? If not, what might account for the difference? correct answers The public is less convinced than the scie...