Explain Why Environmental Damage Would Be Classified as an Externality

question 64

Essay

Explain why environmental damage would be classified as an externality.

Identify ethical issues specific to multinational corporations and international business practices.

Understand the concepts of behavioral economics with regard to human decision-making.

Understand the four stages of Piaget's theory of cognitive development and identify the milestones in each stage.

Explain the concepts of schema, assimilation, and accommodation in cognitive development.