Which are examples of unintended consequences Econ?

Which are examples of unintended consequences Econ?

One unintended consequence is that people sometimes do their own electrical work, and, occasionally, one of these amateurs is electrocuted. One final sobering example is the case of the Exxon Valdez oil spill in 1989. Afterward, many coastal states enacted laws placing unlimited liability on tanker operators.

Is a good example of the law of unintended consequences?

Adam Smith’s “invisible hand,” the most famous metaphor in social science, is an example of a positive unintended consequence. Smith maintained that each individual, seeking only his own gain, “is led by an invisible hand to promote an end which was no part of his intention,” that end being the public interest.

What are unintended consequences give two 2 examples of unintended consequences?

Ten examples of the Law of Unintended Consequences

• “Three strikes” laws may actually be increasing the murder rate, and not decreasing it.
• Seat belt laws increase the number of car accidents, and increase pedestrian and cyclist deaths.
• Banning the insecticide DDT almost certainly has led to more deaths, not fewer.

What are unintended consequences of a policy?

Key findings. Unintended consequences are common and hard to predict or evaluate, and can arise through all parts of the policy process. They may come about through ineffective (null effect), counterproductive (paradoxical effect), or other policy mechanism (harmful externalities).

Which is an example of an unintended consequence of environmental degradation?

For example, burying wastes in landfills may cause groundwater contamination, incinerating wastes reduces waste volumes but can cause air pollution, and excavating abandoned waste sites as part of a remediation effort may expose workers to contamination.

What are positive unintended consequences?

A positive unintended consequence is an unanticipated benefit that emerges from an action. Adam Smith’s notion of the “invisible hand” is one example of a positive unintended consequence. Smith famously argued that each individual pursuing his own ends generates widespread benefits beyond that individual.

Is a good example of the law of unintended consequences quizlet?

An example is DDT used to kill insects that eventually gets into birds making their eggs fragile and affecting reproduction of healthy young. Research media, perhaps via Internet, for stories that illustrate the law of unintended consequences.

What are the unintended consequences of passing environmental regulations in developed countries?

Many countries have passed environmental laws to preserve natural ecosystems. Although the regulations seem to have improved preservation efforts, they may have had unintended consequences in energy production, leading to more greenhouse gas emissions.

What is the law of unintended consequences in environmental science?

The Law of Unintended Consequences / The Hawthorne Effect The law of unintended consequences, often cited but rarely defined, is that actions of people — and especially of government—always have effects that are unanticipated or unintended.

What are the unintended consequences of social media?

The unintended consequences of social media are foremost for consumers. The saddest incidents include suicides and murders broadcast via Facebook live. Social media was the platform for these tragedies, and social media created a new kind of audience of live behavior that can go viral quickly.

What are unintended consequences quizlet?

unintended consequences. outcomes that are not the ones intended by a purposeful action. law of unintended consequences. any intervention in a complex system may or may not have the intended result; but will inevitably create unanticipated and often undesirable outcomes.

Why is any effort to control the greenhouse effect so difficult?

Why is any effort to control the greenhouse effect so difficult? a. The global economy depends on fossil fuels. There is no reliable substitute energy source available to the average citizen to replace fossil fuels on a global scale.

What are some examples of incentives in economics?

Examples of incentives in a workplace include recognition incentives, appreciation incentives, reward incentives and compensation incentives. An incentive is an event, object, item of value or an action that is intended to spur an employee to work hard.

What are the economic consequences?

Economic Consequence. Effect of an incident, event, or occurrence on the value of property or on the production, trade, distribution, or use of income, wealth, or commodities. Sample Usage: The loss of the company’s trucking fleet was an economic consequence of the tornado.

What is the definition of intended consequences?

In the social sciences, unintended consequences (sometimes unanticipated consequences or unforeseen consequences) are outcomes that are not the ones foreseen and intended by a purposeful action.

What is the definition for intended consequence?

The intended consequence of every statist scheme is to use the power of government to loot from one group of people for the benefit of another group.