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Critics raise a number of objections to the claim that the maximization of profits will always promote the general welfare. They argue that there are such things as "market failures." For example, they argue that externalities provide examples of efficiently functioning markets failing to achieve optimal results. Common example of externalities would be such things as air pollution, ground water contamination and depletion, soil erosion, and nuclear waste disposal. The costs of such problems are borne by parties (e.g., people downwind, neighbors, future generations) who are not part of the exchange between seller and buyer. How does the claim that externalities constitute an objection to the claim that the maximization of profits will always promote the general welfare? Do you agree? Why, or why not? Explain.
How were earthquake intensities measured before the advent of the Richter Scale? What were the problems with that scale and how is the Richter scale far superior?
Research the Internet to find an example of a company that promotes itself as being socially responsible and yet acts socially irresponsible. For example, promotion on the Website of being socially responsible and at the same time fighting the govern..
In what ways and to what extent was industrial development from 1800 to 1860 a factor in relationship between northern and southern states?
Describe why the student does or does not agree with this statement: "Common sense and compassion in workplace has been replaced by litigation."
What were the three competing notions of freedom after the Civil War? Which one "won" by the end of the nineteenth century?
Martha Stewart Living Omnimedia and Hain Celestial Group have hired you to develop a marketing plan for the purpose of expanding the distribution of their “Martha Stewart Clean” line of eco-friendly cleaning products to the regions of Asia and South ..
Illustrate how to greet and advise guests in an upscale steak house. Make sure you review your service standards for greeting guests, the initial table approach, and proper tray service.
Discuss a facet of early childhood behavior such as temper tantrums, separation anxiety, strong will, play, etc as it impacts childhood development.
Research way company is organized, its business philosophy, and its niche in marketplace. Write down report which would be helpful to other students who might be interested in seeking employment there.
Discuss-the-creation-of-consumer-economy-during-the-late-1800s-and describe its effect on Ameeican life.
The maximum equilibrium solubility of hydrogen at a partial pressure of 1 atm in liquid magnesium is 26 cm^3 per 100g. This drops to 18cm^3 per 100g upon solidification. The density of Mg (liquid and solid) is 1.74 g/cm^3.
Which children are suitable (OR not suitable) for a Montessori education?
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