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18. Make the case that the United States is not running out of oil or energy.
19. (Consider This) Explain why government subsidies are not always successful in promoting alternative energy.
20. (Consider This) Discuss the benefits and downfalls of subsidizing alternative energy.
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- Incorrect Question 19 Which one of the following statements is false? The Clean Air Act sets pollution levels based on cost-benefit analysis. O Cost benefit analyses indicate that the Clean Air Act has produced significant net benefits. O The Clean Water Act uses technology-based pollution regulations. O The U.S. permit program for sulfur dioxide emissions is generally considered to be a successful program. The main problem with the European Union's carbon trading system has been price volatility.1. What do you need to know to be critical of media stories about energy usage and conservation? 2. What are the impacts of energy overconsumption on our environment? 3. How is energy usage related to the poverty cycle? 4. What are the experiences of Indigenous Peoples in relation to energy development? 5. What happens to energy supplies during times of conflict? 6. How are health and technology impacted by energy consumption? 7. How is energy usage a gendered issue? 8. Should energy access become a human right? 9. What are some examples of conflict and resolution over energy resources?4. When handling insects, knowing where the pests are thickest can help save on insecticide usage. But scounting for bugs also comes at a price. Determine the appropriate blend of insect scouting and insecticide to manage your insect issues on the farm. Complete the following worksheet considering the different strategies for soybean production and answer the accompanying questions. The price of insect scouting is $30 per hour and insecticide is $6 per quart. Strategy Scounting (hours) Insecticide (quarts) Input Substitution Ratio Input Price Ratio 1,200 40 600 80 300 D. 120 120 (a) What economic question/opportunity does this address? What is the appropriate decision rule for input substitution? What does that rule to seek to achieve (be more specific than saying "profit maximization")? (b) What is the profit maximizing strategy? What is the cost associated with that strategy? (c) Explain how the input price ratio will change if both input prices decrease from the initial scenario by…
- 2021 Storm a. Explain what happened to the power grid in the February 2021 snowstorm in Texas? b. What changes would you make to Texas’ power grid?39. Note the following figures: Net profit 2.5% Gross margin $7,000 Operating expenses $6,600 Find: a. The cost of goods in dollars. b. The percentage of operating expenses. ********* ***** *************: **********5 Estimated U.S. taxpayer subsidies in green energy technology through 2013 are about $125 billion. Under what circumstances does the federal government need to undertake these subsidies as opposed to letting private companies themselves pay for such investments?
- 5. Exogenous influences of New Supply 6. How market prices are determined in the property market? Short-term and long-term changes in property prices (and diagrammatically)(8) a.) (4) The United States Postal Service (USPS) charged $0.58 per stamp in 2022. They allow stamps.com to sell a sheet of twenty stamps with personalized photos for $1.20 per stamp. Stamps.com keeps the extra beyond the $0.58 it pays the USPS. If stamps.com is acting as a profit maximizing monopolist, what is their Lerner Index and what is the price elasticity of demand for a customized stamp? b.) (4) Suppose a movie theater determines that the elasticity of demand for movie tickets is -2.0 for senior citizens and –1.5 for adults under age 65, and the marginal cost is $4 per consumer. Use the Lerner index to determine the price senior citizens should be charged and the price adults under age 65 should be charged in order to maximize profits.10 What is informed consent in research? Select one: a. Involves deceiving research participants about the study their about to participate in so that the researcher can get better data. b. A process where a researcher must fully inform their research participants about their study (and all the risks and benefits) before they ask for permission to conduct a healthcare intervention. c. An information session about consent before being intimate. d. Information finding on a research topic
- Question 20 “Lemon Laws” in many areas allow purchasers of used cars to return the cars within six months if they discover problems with the cars. Why might these laws help markets for used cars be more efficient than if the laws did not exist? a They take away the difference in the information that buyers and sellers have about used cars by giving buyers enough time to find out the true condition of the car. b They create a public good by providing information about used cars to everyone. c They create a common resource by letting everyone know about the condition of used cars. d They force the seller to tell the buyer everything about the used car.multiple choice 34. Which of the following statements about next generation biofuels is correct?a. The objective of next generation biofuels is to use inorganic materials that will notdrive up food prices.b. The cost of next generation biofuels are low.c. The next generation biofuels will use sugarcane rather than corn.d. The next generation biofuels will not use any part of the corn plant. 35. Which best describes the economic view of energy efficiency?a. We should have the key focus of saving energy.b. We should adopt more energy efficient appliances as long as the technology isavailable.c. We should provide rebates for increases in the marginal product of energy.d. We should invest in economically efficient energy use. 36. Why might an economist be against a ban on incandescent light bulbs?a. A ban does not consider individual preference and willingness to pay.b. CFDs and LEDs are prohibitively expensive for income families.c. The use of incandescent light bulbs is accompanied by…22.) What percentage of France's electricity is generated by nuclear energy? a. 25 percent b. 50 percent c. 75 percent