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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 effect...
MA
Answered by Max A. • Economics tutor
3639 Views

What is a catalyst?

A catalyst is something that changes the rate of a chemical reaction, without being used up during it. A catalyst provides a different reaction pathway, which requires a lower activation energy than the orig...
RF
Answered by Ryan F. • Chemistry tutor
4289 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 traditional approach would be ...
AS
Answered by Antonio S. • Economics tutor
13790 Views

Explain why it is difficult to make progress to finding a solution to climate change.

Climate change is a very current issue, impacting the planet socially, politically, economically and environmentally. As it is a complex process, it is increasingly difficult to make progress in finding a so...
VR
2488 Views

How do I structure a longer answer/essay style answer in an exam?

The most important thing to remember about answering these longer-style questions in an exam is to PLAN! It might feel like you don't have a lot of time, but just spending five minutes before you start writi...
RC
Answered by Rose C. • English tutor
2974 Views