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How do legislated standards and economic incentives differ in regard to pollution control?

One of the formulas for inventory management says that the average weekly cost of ordering, paying for, and holding merchandise is A(q) = km/q + cm + hq/2, where q is the quantity you order when things run low (shoes, TVs, brooms, or whatever the item might be); k is the cost of placing an order (the same, no matter how often you order); c is the cost of one item (a constant); m is the number of items sold each week (a constant); and h is the weekly holding cost per item (a constant that takes into account things such as space, utilities, insurance, and security). Find dA/dq and d^2A/dq^2.

Listing Use a graphic organizer to list three examples of regional economic cooperation.

Question

Why did the economic problems in some EU countries have such a widespread impact?

Solution

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In the intertwined global economies of the modern era, economic problems in one country affect many others. Countries that trade together or share investments will have an impact on the economies of each other. However, some characteristics of the EU exacerbated these affects. European Union countries share a currency, so any drop in the value would affect all of them. Additionally, more prosperous countries like Germany aided the ones with flailing economies at a great cost to their own country's finances. The intertwined nature of the EU countries' economies made the effects more widespread.