Group items tagged

This article discusses the attempts countries around the world are doing to correct a market failure caused by a negative externality, pollution, which is also casuing severe climate changes around the world, such as global warming.

This article talks about how McDonalds recently started a $1 dolar breakfast meal to try and increase sales. This price for breakfast does not take into consideration the social cost of consuming such unhealthy food. Because of the negative externalities such as weight gain and heart attacts, this is a form of market failure, .

This article from BBC NEWS - WORLD ECONMY to alert bankers that they must realise that world has changed. Alistair Darling said that the party has got to be over for bankers; he wants to use some regulations to force banks to limit the proportion of their profits that they can give out in bonuses and make sure there are no rewards for failure. Mr. darling wants the bankers to behave sensibly at some situations. Mr. Darling's idea is to also have blacklist of countries that are regulatory havens where the rules and regulations companies have to follow are less onerous. In conclusion we could say that this article relates to scarcity because bankers wants to get more and more profits without thinking sensibly, that is why Mr. Darling needs to limit them.

Ottawa makes it harder for people to get a mortgage. This is being done because they are trying to avoid market failure in the market for housing as is going on in other countries.

Global Warming is a market failure of all times that is universal to all human population. Barack Obama visited China to negotiate about the promotion of low-carbon emissions. US and China are one of the few countries who haven't signed the Kyoto Protocol and the top emitters of green-house gases. Because of such emissions, negative externalities are starting creep into national economy in various ways, especially the climate change that have severe affect on crop production.

In this article, a serious negative externality of a public good is presented: deaths in a public road, or more specifically a motorway. There are numerous preventable accidents occurring in the road, mostly due to police inefficiency, and neglecting of safety standards. This public good is definitely an example of a market failure.

This article is about the illegally exported wood from Madagascar. This represents a market failure, as the depletion of the wood is an environmental concern. The less trees there are, the less habitats there are, and biodiversity will decrease.

As growth in national economies continues to falter, many countries are attempting to increase their domestic prosperity by discouraging the sale of foreign products. With tariffs and other protective measures, countries are decreasing free trade in the interest of assissting domestic producers.

Almost one in three public sector employers plan to shed jobs this quarter. Markets keep on chrashing due to economic ressesion. and people constantlt lose their jobs. However, there was better news from the private sector, which expects to see staff numbers grow for the first time since the start of the recession.

This article talks about President Obama's recent actions to crack down on pollution and harmful emissions in the United States. It talks about Obama's use of pollution permits to encourage a decrease in emissions for electronic utilities and factories. Essentially, Obama wants to use the market for pollution permits to protect climate and develop greener technology.

This article is about Washington's plans to increase pollution taxes, which would supposedly increase state revenue by 225 million. This tax would have the double benefit of relieving the recession-hobbled state budget and encouraging environmentally friendly business practices.