A market failure is a situation where free markets fail to allocate resources efficiently. According to David Begg et al (2011: pg.315) says ‘In the absence of any distortions‚ competitive equilibrium is efficient. We use the term market failure to cover all the circumstances in which market equilibrium is inefficient. Distortions then prevent the invisible hand from allocating resources efficiently’. The following are possible causes of market failures. Imperfect Competition‚ Asymmetry of Information
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My Amazing 9th Grade teacher As a freshman‚ I met Mrs. Chinwe Agbogu. She was from the same state and city as me. Mrs. Agbogu was very understanding‚ courageous and a very friendly lady. Mrs. Agbogu was a very down to earth kind of a lady‚ very understanding when it comes to listening to people and their problems and also their school life challenges. She is always there for me to help me get through my freshman student life challenges. She never judges me or make me feel bad about what ever my
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choice: Should teachers encourage students to question everything I believe that teachers should encourage students to question everything‚ because schools are the place where students’ characters and personalities are developed and to find answers to satisfy students’ curiosity. First‚ teachers should not only give student core information and basic knowledge to students‚ rather they must make the students understand the lesson clearly. For instance‚ in Economics class‚ some students know about
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Nowadays‚ education is at the top of people’s concern. Most of schools consider the interaction between students and teachers as an important role in the teaching process. Therefore‚ it leads to a policy that students can evaluate their teachers. In my opinion‚ I support that idea for several reasons. First of all‚ students are the very people who receive knowledge and lessons from their professors directly thus their evaluations must be exact and appropriate. In fact‚ it is very difficult to
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Should English teachers speak the language of their students? An English only policy should be implemented in all ESL and EFL classrooms. The best English lessons are often the result of a teacher who only speaks English. Such lessons enhances the student’s listening and speaking skills by hearing the correct way to pronounce things and comprehending what the teacher is explaining‚ which are the most important skills in order to communicate. However there is always an exception to the rule. There
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Should Students’ Grades in Gym Class Affect Their GPA? I personally do not agree with grades in gym classes affecting students’ grade point averages. I believe that gym class should be strictly for fun. There are many students who are not very athletic. Many females do not enjoy playing sports or running a mile. I do not think it is fair that schools make their students run a full mile‚ time them on it‚ and grade them on their times. Certain students are not great runners and the fact that
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It has been debated nationwide and even worldwide for and against students being allowed to bring mobile phones to school. Usually‚ a school consists of three parts namely‚ the Primary‚ Middle and Upper section. We live in the 21st century which is very much a digital age and nowadays‚ almost every student other than in primary section‚ has a mobile phone. In my opinion‚ mobile phones are good for children as long as they are educated in its appropriate usage and the privilege given without being
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modern world‚ technology is very advanced compared to the before time when we had dinosaurs as pets. Most students have mobile phones‚ so they thought that it would be cool if they could use it in school because some of the people think that mobile phones are a necessity. But‚ did they consider the side effects? Mobile phones should stay prohibited in school. I think students shouldn’t be allowed to bring mobile phones to school because this gadget is a big distraction. Nowadays‚ mobile phones have
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why our teachers need to be allowed to carry a firearm is for safety during emergencies‚ it’s cheaper than hiring a security guard‚ and school shootings can happen anywhere at anytime. What if you were a teacher and an armed intruder came into your school? How would you protect your students and yourself? If we allowed teachers to carry a firearm that is stored in a locked container a student would not be able to acquire the weapon‚ and only in emergency situations would the teacher be allowed to remove
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They have also become a lot cheaper. Thus more and more young people now own a mobile. So should they be allowed to bring them to school? Mobile phones can cause a distraction in education. They can disturb teachers and students. For example‚ if you were working hard on a piece of work‚ concentrating hard‚ and a person’s phone rings‚ it disrupts the whole class. You may become side-tracked or the teacher may be interrupted during speaking to the class. Thus teaching would be constantly disrupted
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