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Using a diagram and an example, explain what a negative externality is and why it leads to market failure.

Market failure occurs when prices do not fully reflect social costs. Externalities are spillover effects of a transaction that affect a third party not involved in the transaction. The negative health eff...

MA
Answered by Max A. Economics tutor
3146 Views

Evaluate the view that a reduction in UK unemployment is best achieved through the use of supply-side policies.

Intro:
UK unemployment currently at 4.4%, a four-decade low, question remains how to lower it further with growth forecasts falling and business confidence faltering.

Para 1:
A tr...

AS
Answered by Antonio S. Economics tutor
13268 Views

Evaluate evidence and arguments that tropical storm characteristics have changed and may change in future as a response to global warming.

In recent decades, evidence suggests that the changing nature of tropical cyclones is related to global warming. Through amplified absorbed solar radiation, sea surface temperatures have increased, and th...

VR
3706 Views

Find the area between the curves y = x^2 and y = 4x - x^2.

First, we need to draw a diagram, to understand the question more clearly. 
y = x^2 is a common curve, but to sketch y = 4x - x^2, we should factorise it, to find where it inersects...

LM
Answered by Lamisah M. Maths tutor
8318 Views

State and explain one definition of abnormality

One definition of abnormality is failure to function adqeuately. This occurs when someone is unable to cope with ordinary demands of day to day living. In 1989 David Rosenham and Seligman proposed three s...

NC
Answered by Niamh C. Psychology tutor
2484 Views

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