Externality Study guides, Class notes & Summaries
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Pharmacy Law - Exam 1 2023 with 100% correct answers .
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The law attempts simultaneously to be ____________ and also maintain a reasonable degree of ____________. - correct answer -The law attempts simultaneously to be *flexible* and also maintain a reasonable degree of *certainty* 
 
Laws provide a framework within society. They are made *prescriptively* and *proscriptively*. What do each of these terms mean? - correct answer -*Prescriptively* - command conduct which must be done 
 
*Proscriptively* - command conduct which must NOT be done 
 
What tw...
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RMI 3567 Exam 2 Questions and Answers Already Passed
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RMI 3567 Exam 2 Questions and 
Answers Already Passed 
 
What are three positive externalities that occurred due to access to terrorism insurance? 1. 
facilitates real estate transaction 
2. strengthens businesses' ability to operate in risky areas 
3. protects wealth/savings of households in risky areas 
 
Pollution from gasoline in a car or industrial pollution would be examples of what? negative 
externality 
 
This is the most common terrorism model for insurance risk pool 
 
What are the t...
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MGT 300 Exam 2 Latest Update 100% Correct
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MGT 300 Exam 2 Latest Update 100% 
 
Correct 
 
Ethics The moral principles, values, and beliefs that govern group or individual behavior 
according to what is right or wrong and what contributes to the balanced good of all stakeholders 
 
Ethical Dilemma A situation in which no choice is entirely right 
 
Preconventional Stage An individual's moral decisions is based primarily on self-protection 
or self-interest 
 
Does things based on rewards/punishment 
 
Conventional Stage An individual's...
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WGU C718 Full Study Guide Questions Rated A+
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WGU C718 Full Study Guide Questions Rated A+ What is the definition of economics? the study of how humans make decisions in the face of scarcity 
What are economic and accounting profits? 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 - Implicit costs = Economic profit 
What are the characteristics of an oligopoly? 1) few firms 2) barriers to ent...
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EXAM 3 STADIUM FINANCE and NCAA QUESTIONS AND ANSWERS
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Why might the Simple Multiplier be an inaccurate measure of the total amount of 
money circulating in an economy from a given direct investment into the economy? - Answer-The Simple 
Multiplier assumes a closed economy. In an open economy there would 
likely be leakages out of the 'local' economy. 
If the marginal propensity to consume is 0.6 and a direct investment of $1,000,000 is 
made what would be the quantity of money flowing through the economy according to 
the Simple Multiplier? - Ans...
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EC 248 Final Exam | Complete Solutions (Verified Answers)
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EC 248 Final Exam | Complete Solutions (Verified Answers) Health care a) is the most important determinant of health in OECD countries. b) is the most expensive determinant of health in OECD countries. c) spending continues to grow rapidly in most OECD countries. d) sector is one of the largest sectors in most OECD countries. What statement best describes a health system? a) Aspects of society that have an important bearing on the health care of individuals and the population. b) Aspects of so...
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Edexcel A Level Economics all Diagrams
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Production Possibility Frontier 
 
 
Supply and demand diagram showing equilibrium 
 
 
Supply and demand surplus 
 
 
Increase in demand 
 
 
Decrease in demand 
 
 
Increase in supply 
 
 
Decrease in supply 
 
 
Consumer surplus 
 
 
Producer surplus 
 
 
Inelastic demand 
 
 
Elastic demand 
 
 
Unitary elastic demand 
 
 
Perfectly elastic demand 
 
 
Perfectly inelastic demand 
 
 
Inelastic supply 
 
 
Elastic supply 
 
 
Substitutes diagram 
 
 
Ad valorem tax 
 
 
Tax diagram 
 
 
Subsi...
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WGU C211: Additional Study - 3rd Attempt OA Questions & Answers
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currently is charging 25 cents per cup, but she wants to adjust her price to earn the $50 faster. If you know that the demand for lemonade is elastic, what is your advice to her? - ANSWER Lower the price to increase total revenue 
 
For which of the following goods is the income elasticity of demand likely lowest? - ANSWER water 
 
Assume that a 4 percent increase in income results in a 2 percent increase in the quantity demanded of a good. The income elasticity of demand for the good is - ANSWE...
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RMI 3567 Exam 2 Questions And Answers Rated 100% Correct!!
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What are three positive externalities that occurred due to access to terrorism insurance? - Answer-1. 
facilitates real estate transaction 
2. strengthens businesses' ability to operate in risky areas 
3. protects wealth/savings of households in risky areas 
Pollution from gasoline in a car or industrial pollution would be examples of what? - Answer-negative 
externality 
This is the most common terrorism model for insurance - Answer-risk pool 
What are the two main features/provisions of TRIA?...
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CIS 105 FINAL Questions & Answers 100% Accurate
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CIS 105 FINAL Questions & Answers 100% AccurateCIS 105 FINAL Questions & Answers 100% AccurateCIS 105 FINAL Questions & Answers 100% AccurateCIS 105 FINAL Questions & Answers 100% AccurateCIS 105 FINAL Questions & Answers 100% AccurateMetcalfe's Law - ANSWERSstates the effect of a telecommunications network is proportional to the square of the number of connected users of the system. 
 
Network Effect - ANSWERS(also called network externality or demand-side economies of scale) is the positive e...
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