Analyze the given text, then make a decision. Be sure to give logical reasons for your decision. Make sure your decision clearly explained and understandable and give 3-5 paragraphs answer.         The region, verdant with environmental treasures, sadly has a poor economy, with half of the residents in dire poverty. The only source of income, apart from agriculture, is the trickle of tourists who relax there. You, the governor, received a proposal from a power generation company to put up a coal power plant in your area. The construction alone will create 1,200 much-needed jobs, while the operations will require around 500 people. You received protests regarding the environmental concerns and upon research, you saw that coal power plants really damage the environment. On the other hand, it will also raise revenue and provide electricity. What will you do with the proposal? What is your decision and reasons why you arrived at such decision?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question

*Analyze the given text, then make a decision. Be sure to give logical reasons for your decision. Make sure your decision clearly explained and understandable and give 3-5 paragraphs answer.

        The region, verdant with environmental treasures, sadly has a poor economy, with half of the residents in dire poverty. The only source of income, apart from agriculture, is the trickle of tourists who relax there. You, the governor, received a proposal from a power generation company to put up a coal power plant in your area. The construction alone will create 1,200 much-needed jobs, while the operations will require around 500 people. You received protests regarding the environmental concerns and upon research, you saw that coal power plants really damage the environment. On the other hand, it will also raise revenue and provide electricity. What will you do with the proposal?

What is your decision and reasons why you arrived at such decision?

       

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Fundraising
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education