Define and describe the term externalities.
What will be an ideal response?
Externalities is a concept that comes from economics and helps justify government regulatory intervention. Also referred to as spillover effects, the term is described by the text through an example of a manufacturing company acting in its own best interests by taking the cheapest route to dispose of its waste, dumping it into the river used to operate the mill. This makes it so communities downstream must pay the cost of cleaning the water and suffer the other effects of pollution. The government would thus be able to justify regulatory action charging the polluter if the downstream costs were high enough.
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The textbook discusses how the growing political strength of blacks is evident because
A) more than 10,000 blacks hold elective office at all levels of government. B) Republican officials have replaced Democratic officials throughout the South. C) six senators and twelve House members are black. D) two blacks from the same state have been elected to the Senate and House. E) of the recent appointment of the first black Supreme Court justice.
By the 2016 primary season there were about ________ super PACs.
A. 20,000 B. 8,600 C. 20 D. 2,400 E. 400