estion 3t yetsweredFlag questionAll of the following are true regarding the main difference between market benefits and non-market benefits from environmental projects except:O a. None of the statements are trueO b. Non-market benefits don't have prices attached, and market benefits doFirOc. Non-market benefits occur in the short term, and market benefits takes longerOd. Non-market benefits are not legally organized, and market benefits do estion 3t yetsweredFlag questionAll of the following are true regarding the main difference between market benefits and non-market benefits from environmental projects except:O a. None of the statements are trueO b. Non-market benefits don't have prices attached, and market benefits doFirOc. Non-market benefits occur in the short term, and market benefits takes longerOd. Non-market benefits are not legally organized, and market benefits do

a. None of the statements are trueThis option is not correct because some of the options mentioned…

Answered: estion 3 t yet swered Flag question All…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 5SCQ: Consider two approaches to reducing emissions of CO2 into the environment from manufacturing...

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Similar questions

Name two public goods and explain why they are public goods.
What arguments d0 low-income countries make in international discussions of global environmental clean-up?
What is the difference between private costs and social costs?
In what ways (it) company investments in research and development create positive externalities?
Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table 12.8 shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits include environmental, recreational, health, and industrial benefits.) Using the information in Table 12.8, calculate the marginal costs and marginal benefits of reducing sewage emissions for this city. See Production, Costs and Industry Structure if you need a refresher on how to calculate marginal costs. What is the optimal level of sewage for this city? Why not just pass a law that films can emit zero sewage? After all, the total benefits of zero emissions exceed the total costs.
What are better-defined property rights and what incentive do they provide to account for external costs?
Why might private markets tend to provide too few incentives for the development of new technology?
Can extreme levels of pollution hurt the economic development of a high-income country? Why or why not?
What are the economic tradeoffs between low-income and high-income countries in international conferences on global environmental damage?
Assume that the marginal private costs of a film producing fuel-efficient can; is greater than the marginal social costs. Assume that the marginal private benefits of a firm producing fuel efficient cars are the same as the marginal social benefits. Discuss one wags.r that the government cans ï¬‚y to increase production and sales of fuel efficient cars to the socially desirable amount. Hint: the government is flying to affect production through costs, net benefits.
In the tradeoff between economic output and environmental protection, what do the combinations on the protection possibility curve represent?
Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all local people to enter the parks or to injure either the elephants or their habitat in any way. In a second approach, the government sets up national parks and designates 10 villages around the edges of the park as official tourist centers that become places where tourists can stay and bases for guided tours inside the national park. Consider the different incentives of local villagers-who often are very poor-in each of these plans. Which plan seems more likely to help the elephant population?

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