Explain How a Shock in One Country Can Be Transmitted

question 13

Essay

Explain how a shock in one country can be transmitted to other countries.List three ways this can happen and give an example of each.

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Definitions:

Tragedy Of The Commons

A scenario where individual use of a shared resource in their own interest depletes or spoils that resource, despite understanding that this is against the common good.

Design For Remanufacturing

The process of designing products so that they can be easily disassembled and reassembled or refurbished for future use.

Manufacturer

An entity engaged in the business of producing goods for sale, typically on a large scale, involving machinery and labor.

Tragedy Of The Commons

A situation in which individual users, acting independently according to their own self-interest, deplete or spoil shared resources, leading to long-term depletion or damage for all users.