Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 1: Q.7 (page 24)

What is an example of a problem in the world today, not mentioned in the chapter, that has an economic dimension?

Short Answer

Expert verified

AIDS pandemic.

Step by step solution

01

Step 1:Definition

Economic dimension:

All of the event firm's and individual events' economic outputs/externalities are dealt with in the economic dimension. The values examined range from direct economic effects on the host city and the rest of the world to more sophisticated indirect effects, both of which are important to event researchers.

02

Explanation

There are numerous similar issues. Take, for example, the AIDS pandemic. Why are so few AIDS patients in Africa and Southeast Asia being treated with the same medications that work in the US and Europe? This is due to the fact that neither those patients nor the countries in which they reside have the financial means to purchase the same drugs.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

What is the difference between microeconomics and macroeconomics?

Residents of the town of Smithfield like to consume hams, but each ham requires 10 people to produce it and takes a month. If the town has a total of 100 people, what is the maximum amount of ham the residents can consume in a month?

How does a monopolistic competitor choose its

profit-maximizing quantity of output and price?

What is the relationship between product

differentiation and monopolistic competition?

What is income effect?
See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free