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Which Native America group lived in present-day Florida?
Seminoles
What native culture that emerged in present day veracruz?
The olmec culture
Who are the present native American in entertainment?
Some famous actors, such as Johnny Depp, Angelina Jolie and Megan Fox have native American ancestors.
In the absence of externalities the middle hand leads a market to maximize?
total benefit to society from that market
In the early 1800s most nomadic native Americans lived where?
In the early 1800 most of the nomadic native Americans lived in the present day North Carolina.
When externalities are present?
when there has been a market failure
When are negative externalities present?
when there has been a market failure
What is government's role in controlling externalities in the American economy?
Government tries to encourage positive externalities and limit negative externalities..
What is government role in controlling externalities in the American economy?
Government tries to encourage positive externalities and limit negative externalities..
Why does alcohol have negative externalities?
Alcohol has negative externalities because it has the capacity to cause health problems
What statement about externalities is false?
Only the private sector can create both positive and negative externalities.
Negative externalities result in a welfare loss but positive externalities result in a welfare gain?
you bet
What is internalising externalities?
Externalities can be internalised by bringing the cost home to the producer or consumer so that they have to pay for clean-up.
What is the economic term for the indirect effects of markets that are not corrected within the markets?
Externalities. A more proper definition for an externality is a transaction between two economic agents which affects a third, non-participating agent. Whether or not externalities are corrected for in a market is a matter of debate in economic theory.
How do property rights affect externalities and market failure?
Externalities and market failure will result from the difficulty of enforcing property rights.
What is governments role in controlling externalizes in the American economy?
Government tries to encourage positive externalities and limit negative externalities..
What is government's role in controlling externalizes in the American economy?
Government tries to encourage positive externalities and limit negative externalities..
