Externality

On the 26 June 2015 the world witnessed one of the most powerful global powers shift its attitudes towards same-sex marriage. The United States of America’s Supreme Court ruled, in the now infamous court case Obergefell v. Hodges, that the ban on same-sex marriage is unconstitutional. The significance of this event is paramount; the United States is often deemed to be one of the most powerful and influential countries in the world. While the implications of same-sex marriages for the lesbian,…

The most efficient outcome would be for the step-mother to pay Tula the $20 to stop playing her music out loud. Since Tula owns the phone, then she has the right to play whatever music she wants, whenever she wants to. This seems plausible because the step-mother is willing to pay money to avoid the situation, which in result should cause Tula to stop playing the music out loud. In this situation, the older sisters cannot do much but encourage the step-mother to pay Tula to stop. Since, Tula…

Nuclear power is dangerous on many accounts of nuclear power blowing things up and nuclear power and chemicals melting man-made structures to the ground. One of the dangers is that if the government uses nuclear power or nuclear chemicals is the items are so dangerous that it can harm or destroy anything and everything it is used against. In other words the force and the heat that is used for the nuclear items are very powerful. The high sight of using nuclear power is that the United States can…

positive spillover effects. “A technological gain in one sector of production gives people in other sectors of production, new ideas on how to change what they are doing.” There are also several positive effects (externalities) that were not taken into account originally. “Through those externalities, what is called general purpose technological change can have a much larger effect on growth than can an increase in capital” (Macroeconomics,…

The type of offender that would be affected by my change in criminal justice policy would be nonviolent drug offenders. It's important to note that the nonviolent drug offenders would only be drug users, not dealers. The proposed policy decriminalizes drug use and instead would impose fines and a probationary period for violators. By decriminalizing drug use, real change may occur. Instead of throwing addicts in jail, there will be a greater emphasis on rehabilitation. Because nonviolent drug…

Democracy is a system of government by the whole population or all the eligible members of a state, typically through elected representatives. The USA is a democratic republic where people decide who is in charge (the democratic part), then the people elected decide what to do (the republic part). Democracy is considered more fair than other governments. Voting is a good way to establish legitimacy for a leader because they can argue their right to rule on the grounds of being elected. This…

he process of injecting liquid at high pressure into subterranean rocks, boreholes, and more is called Fracking. Many people say fracking causes earthquakes because fracking occurs underground. Fracking could be dangerous in some ways. Modern fracking began in the nineties. A hydraulic fracturing and combined with horizontal drilling. Fracking is the reason why America is having an energy revolution right now. Fracking is letting the U.S. tap vast oil and natural gas reserves that…

in the Paris convention as major sponsors had certainly a strong influence (pursuing their self-interest) on the not resolute outcomes. Furthermore their presence can be strategically used in their favor to legitimate even further their strong externalities on people and environment creating a halo of greenness on the same businesses that are destroying…

supplies are contaminated, the atmosphere is polluted, and natural resources are depleted. This is where the role of government becomes paramount. It is the responsibility of government to curb the excesses of business and to corral the negative externalities associated with profit-seeking-behavior. The government…

negative externalities and related moral hazard. In countries with universal public health insurance, or coverage, obese individuals directly increase taxation for non-obese individuals. In countries with a non-mandatory health insurance system much of the costs are paid by non-obese individuals via higher premiums. In both of these cases healthcare costs are partly borne by society as opposed to the individual. By reducing obesity prevalence healthcare costs may decrease. Negative externalities…