Law High School

2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society. (10) ​

Answers

Answer 1

Negative Externality:The business ambiguous create dirtiness as a product, that imposes costs on association such as energy issues and material shame.

What is the positive externality?

The negative external part of something diagram shows that the slight public cost (MSC) surpasses the private cost (PC) as it involves the supplementary costs to people. This leads to an flood level of the business's gain, beginning an wasteful distribution of possessions.

Positive Externality:The business supports task preparation programs to the local society, resulting in a more skillful trained workers and raised human capital. The helpful external part of something diagram shows that the borderline public benefit (MSB) surpasses the private benefit (PB) as it involves the supplementary benefits to organization.

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Related Questions

Which of the following is considered cultural incompetence?

considering a patient's wish to not be seen by specific family members

refusing care because of social or economic status

refusing to prescribe medications to a child of a drug dealer

respecting one's religious observances at the time of death

Answers

Refusing treatment because of one's social or economic status is considered cultural ineptitude.

Cultural incompetence is defined as a lack of comprehension, sensitivity, or respect for the cultural beliefs, values, and requirements of people from various origins.

Refusing care based on social or economic class displays a failure to recognise every person's intrinsic worth and dignity, regardless of their socioeconomic circumstances. It contradicts cultural competence norms, which emphasise the necessity of delivering equitable and unbiased care to all individuals.

Consideration of a patient's preference not to be seen by specific family members, refusal to administer drugs to a drug dealer's child, and respect for religious observances at the time of death are not examples of cultural sensitivity.

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