IB Econ HL Section B

This article talks about U.S. government spending on public health care. While the system is costly, it creates positive externalities. One of the main positive externalities here is the number of insured people in the United States. By providing a public good like health care, the government is protecting more of its citizens.

Many nations (such as the United States) depend on nuclear energy. In U.S., for example, nuclear power makes up approximately 20 percent of the total energy used. However, nuclear power produces nuclear waste, a dangerous negative externality. This article examines the negative impacts of nuclear waste and how it can be handled in the future.

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.

This article explains an example of negative externality in which due to the faulty construction of the gas padal and floor mats, problems occur. This goes off of the notion that nagative externality can be defined as negative side effects, which this clearly shows.

This article mentions the estimate of the world population in 2050, which is 9 billion people. This would add up 2 billion people more to the actual number, bringing some additional human beings to feed. If as for now, there are 1 billion people hungry in the world, how will this extra 2 billion affect the world's supply of food. A negative externality being referred here, is the fact that as more people are born, there is less food to be given to the ones already here.

Marcelo, this can not count as a negative externality, methinks.

This article is talking about Spain cutting some of its costs because they will still be in recession for another year. the negative externalities of doing this could be people losing their jobs, and Spain going into an even deeper recession.

Sara, this can not count as a megative externality, methinks.

President Obama hit the road again Tuesday to promote the new job-creation program he described as his No. 1 priority, but he refused to abandon his embattled health care legislation, vowing to "punch it through" resistance in Congress. The health care system proposed by President Obama is a public goods because it would be provided to anyone, with the interference of any to violate that right. Yet, Obama still struggles to push the health care plan through the resistance in the Congress.

This article talks about the negative externality of industrialization that is pollution. Apparently, there was an abundance of smog in Britain from as early as 1904.

This article shows how the recall of several Toyota models acts as a form of non-price competition for other firms in the car industry. Ford and GM have benefited from the lack of consumer trust in the Toyota, and have both seen an increase in sales.

This article explains that not only is there a food and shelter problem, but docotrs and medical staff are in a short supply and are needed now more then ever. medical supplies and resources have improved, but the crush of volunteer doctors in Port-au-Prince can complicate treatment in the city while there is great need for help in other places hit by the earthquake.As the city's main hospital is brimming with doctors, it is in need of nurses and physical therapists.

Education is a public goods provided by the government in almost all MEDCs. If education is a public goods, the previleidge to receive education does not get stripped away even if someone else receives. However, in Haiti where the earthquake hit hard, children cannot receive proper education. In a country under crisis, education may not be a public goods, but rather a produce only available for those who have the will to pay and the ability to pay.

Clean air is a public good, as it is non-rivalrous and non-excludable. The provision of clean air is a massive problem in China, because its rapid industrialization and high output has come at the cost of the environment, and subsequently created large amounts of toxic waste that is being released into the air and the water.

The government of Brazil has approved 61mn reals for the expansion of an airport. This expansion should reduce overcrowding in other airports. Because it is provided by the government, it is a public good. Because it reduces travel time, it creates a positive externality.

This article is about nuclear waste, a byproduct of nuclear fuel. This nuclear waste can be dangerous. As a form of pollution, it is a negative externality. The waste must be dealt with properly, or it can cause harm to society in the form of negative health effects.

This article reports on the a small Sri Lankan tea company called Dilmah challenging the world's transnational tea manufacturers like Twinings and Lipton. Dilmah is selling high-quality, exclusive teas at higher price than the market price. Ultimately, Dilmah is selling the "exclusiveness" rather than the actual price.

This article is about a small company of Sri Lankan tea called "Dilmah". The tea factory is challenging the world´s transnational tea manufactures such as Lipton and Twinings. It is selling high quality, Dilmah is selling select and exclusive teas at higher prices. so we can say that the company is selling exclusiveness rather than the actual price.

They have excellent tea, actually.

This article talks about the merge between Kraft and Cadbury, and Warren Buffett's criticism of the merge. The acquisition of Cadbury is not cheap: it is an approximate 19.6 billion dollars. Will the decision improve Kraft's overall worth and standing in the market?

Apple will host a product event on Jan. 27, giving chief executive Steve Jobs a chance to unveil a long-rumored, touch-screen tablet device for surfing the Web and playing movies and music. This is an example of non-pricing competition because Apple is introducing a new product through product innovation and improved technology. Apple has been succesfull in grabbing the consumer's hearts with their unique design and functions.

This is an example of a negative externality created by the rapid industrialization of China. This externality is created because the market price does not take into account the costs incurred by third-parties not involved in the transaction. In this case polluted waters damage the natural environment and pose a hazard to the people, but corruption and lack of legislation means that little is being done.

This article mentions one oligopoly, relating to the internet, in which several competitors, including Google, eBay, Yahoo, have found several barriers to entry the market in China due to censorship.

This article talks about the different auto companies that exist in China. This refers to this week's topic because the market for cars in China is an oligopoly. The companies in this oligopoly however work together to make China the biggest auto market in the world.