Time Changes by One Hour for Each 15° Degree Change

question 12

Multiple Choice

Time changes by one hour for each 15° degree change in longitude; this is because

• A) it was determined by how fast 17ᵗʰ century ships could travel.
• B) 15° insures that major population centers have unique time zones.
• C) early navigation instruments did not allow better accuracy than 15 degrees.
• D) 15° was chosen arbitrarily.
• E) twenty-four latitude lines were chosen so that 24 hours represents a 360° revolution around the planet.

Calculate the efficient level of output and price in markets with externalities.

Recognize the difference between negative and positive externalities and their impact on social welfare.

Explain how externalities lead to an inefficient allocation of resources in the absence of government intervention.

Identify scenarios in which market-based solutions can internalize externalities and restore efficiency.

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Definitions:

Physical Diseases

Health conditions primarily affecting the body, often manifesting through physiological dysfunctions.

Mental Health Disorders

Mental Health Disorders are a wide range of conditions that affect mood, thinking, and behavior, including depression, anxiety disorders, schizophrenia, and eating disorders, among others.

Biomedical Viewpoint

The Biomedical Viewpoint is a perspective in healthcare that focuses on biological factors in understanding and treating disease, emphasizing medication, and surgery over lifestyle changes or social factors.

Biopsychosocial Viewpoint

An approach in understanding human health and illness that considers biological, psychological, and social factors.