Questions

Prices do not reflect the full social cost of production is an example of Market failure.

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

Biogeochemical cycles are crucial to ecosystem function because ::

1. Chemical elements are available in only limited amounts and must be recycled.

2. Nutrients and other life-sustaining molecules are in limited supply and must be continually recycled.

Speed has been identified as a key risk factor in road traffic injuries, influencing both the risk of a road crash as well as the severity of the injuries that result from crashes.

Speeding is a factor in 30 % of all fatal accidents.

Postmodernism is the literary period, the beat generation aligned with. Postmodernism refers to mid to late 20th century.

Nucleic acid is a polymer among the given options.

True, Stress is a factor that contributes to heart disease risk.

More factors that contributes to heart disease risk are blood pressure, cholesterol, smoking, physical inactivity and overeating.