Communications and Weather Satellites Always Appear at the Same Place

question 98

Multiple Choice

Communications and weather satellites always appear at the same place in the sky. This is because these satellites are

• A) stationary in space.
• B) beyond the pull of the Earth's gravitational field.
• C) moving at a speed just short of escape velocity.
• D) orbiting the Earth with a 24-hour period.
• E) none of these

Discuss the welfare implications of trade and trade policies for different stakeholders.

Use Edgeworth Box and other economic diagrams to explain resource allocation, trade possibilities, and efficiency.

Understand the concept of market failure and its causes.

Analyze the role of externalities in causing inefficient economic outcomes.

---

Definitions:

Capital

Wealth in the form of money or other assets owned by a person or organization or available for a purpose such as starting a company or investing.

Investment

Assigning monetary resources with the goal of achieving income or gains.

Corporate Stock

Shares of ownership in a corporation, representing a claim on part of the corporation's assets and earnings.

Inventories

Goods and materials that a business holds for the ultimate goal of resale or processing in the production cycle.