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On November 5, 2016, the Royal Caribbean International's Harmony of the Seas set out on her maiden voyage with itineraries in the Eastern and Western Caribbean. At 226,963 gross tonnes, 1188 feet long and capacity of up to 6,780 guests; this ship is the largest cruise ship in the world at this time (Satchell, 2016, November 8). The ship boasts a waterpark, 10-foot water slide, rock climbing walls, zipline, ice-skating rink, full-size basketball court among other amenities and activities (Royal Caribbean International, n.d.). In order to cater to these mega-liners, many Caribbean countries are expanding their infrastructure, tourist facilities and tourist activities.
-What are the economic impact that the Harmony of the Seas has had on two of its Caribbean destinations.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
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"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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