Q: ___________is a benefit of an activity borne by someone not engaging in the activity.
A: Positive Externality is a benefit of an activity borne by someone not engaging in the…
Q: 1. Think of an environmental problem (e.g., climate change, acid rain, agricultural chemical…
A: To analyze how human activity affects the environment and vice versa, environmental economics…
Q: Some Caribbean countries give tax credits to homeowners who wish to install solar panels in their…
A: When Caribbean countries provide tax credits to homeowners who wish to install solar panels is a…
Q: What are the components of the environment from the point of view of the decision-making? What do…
A: The decision making of the environment is a set of information, values, preferences gathered during…
Q: What are the primary wants and the secondary wants?
A: Wants can be defined as general effective desire for a particular commodity or the good which can be…
Q: What are the effects of government intervention in the market?
A: Government intervention in the market is very necessary as it leads to efficiency in the market…
Q: What type of economists believe that markets naturally self-correct, and will reward good strategies…
A: Laissez fair economics theory advocates non-government intervention in the economic activity. They…
Q: How do Adam Smith’s principles of the free market play out in our economy today?
A: Adam Smith is a well-known economists till now as he gave many economic theories and models to help…
Q: How do natural disasters affect local economics?
A: Natural disasters refer to the occurrence of disasters due to nature. This means the occurrence of…
Q: Why government doesn't intervene in a free market
A: There can be different types of markets in an economy or in different economies according to which…
Q: Describe in your own words what you think is meant by the term sustainability. List three ways that…
A: People often use sustainable development and sustainability interchangeably as they look quite…
Q: 1. What is the main objective of the Sustainable Development Goals of the United Nations?
A: Sustainable development is a strategy to a nation's economic growth without sacrificing the…
Q: Presently, there is a major conference in Glasgow Scotland regarding climate change, neither the…
A: Introduction: A climate meeting/environment gathering that will help with choosing how warm the…
Q: Spring is here, and Shen and his brother would like to go. fishing for the weekend in New Hampshire.…
A: Private goods are rival in consumption and excludable whereas public goods are non rival as well as…
Q: HOW DO INSTITUTIONAL AND GOVERNMENT MARKETS DIFFER FROM BUSINESS MARKETS?
A: Different type sof market have their different feature, which makes them unique and different from…
Q: List and discuss in detail (thoroughly and carefully), two examples of the scarcity that you have…
A: When there is the presence of resources being fewer than actually being required for the fulfillment…
Q: What are the four roles of government? Give an example of each role.
A: The of government has multi dimensional roles which can be summarized as taking action in interest…
Q: Mr. Saeed Ahmed loves watching sports channel on his local public TV station, but he never sends any…
A: Market failure refers to a situation in which the distribution of goods and services is inefficient.…
Q: . What is the relationship of policy and decision making?
A: "Policy analysis is client-oriented counsel influenced by societal ideals that is applicable to…
Q: What is the rule of law?
A: It is a concept in which the law is something to be obeyed by everyone either the people or the…
Q: What are the variables for sustainability for hunger?
A: sustainability development refers to the idea that human beings society must live and meet their…
Q: When China and Japan got into a snit in 2010, China cut off Japan's supply of the Rare Earth…
A:
Q: self-i
A: Over 200 years ago,the self-interest versus the social-interest debate began with Adam Smith and it…
Q: Identify a concept on your own from Douglas North and explain it in your own words. You need to…
A: Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts for…
Q: Explain how and why the "invisible hand" works to ensure that producers provide quality services and…
A: Invisible hand is simply the idea of how the market gets sorted through the forces of demand and…
Q: 5) What were some methods that activists use to get their opinions heard? Letter-writing campaigns.…
A: Common methods used for activism include: Community building. Lobbying. Media activism. Peace…
Q: How economist see the environment?
A: The field of Economics under which the environmental-related issues are analyzed and assessed is…
Q: What is the concept of an ecological dish and give an example
A: Ecology is the study of the relationships between living organisms, including humans, and their…
Q: Why and how do governments impact the decision-making process of businesses?
A: The government policy can affect how much tax the community pays, pensions, immigration status,…
Q: Which of the following is an example of Ecological value?
A: Ecological value is related to nature and environment.
Q: There is often a temptation to take a dim view of profits. Some people seem to believe profits come…
A: Perspectives on economics cover a range of views regarding theories, policies, and issues. They…
Q: In response to increasing concern about man made climate change, there have been a number of policy…
A: The problem of environmental degradation occurs (pollution) due to the human economic activities and…
Q: Read the following scenario. Corn is a very valuable product for which the U.S. government…
A: A subsidy is an immediate or roundabout installment to people or firms, for the most part as a money…
Q: 1. What is a social enterprise? 2. Why is it considered as an alternative platform that can…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
Q: 4. What are two problems and two opportunities that may need to be researched?
A: Research Research can be defined in the categories of quantitative research and qualitative…
Q: em that you would like to discuss. This could range from traditional news headline items, journal…
A: It can be defined as a system in the activities related to economics are interconnected with the…
Q: The willingness to pay for the future ability to use the environment is called [?] value. Please…
A: People are willing to pay for projects and programs that will help to avoid a fall in the…
Q: What are public and private goods?
A: Private good: In the case of private good goods that cannot be used by every one simultaneously.…
Q: "Everything has Already Happened" is a debate topic in a economics class. State points the proposing…
A: Economic analysis is the methodical way to deal with determining the optimum utilization of scarce…
Q: why is it important to learn the criticism of global city?
A: A world city is also known as a "global city." It is a node in the global economic network that is a…
Q: Could you reply to this message (you can agree/disagree or add more information)? Message: "I…
A: The economies around the world tend to focus on their growth and development through various…
Q: Why do businesses and governments often use utilitarian thinking to determine the proper course of…
A: Utilitarian approach The utilitarian philosophy has significant ramifications for how we ought to…
Q: Identify a news item that you would like to discuss. This could range from traditional news headline…
A: According to the guidelines, direct URL links to articles cannot be added to the answer. Therefore,…
Q: Lucy's company has just promoted her to a managerial position and given her a new office. She is…
A: Utility is defined as the level of satisfaction which a consumer receives by the consumption of…
Q: How do government failures provide rationale and justification for public policy?
A: In the context of public economics, government failure is defined as an economic inefficiency…
1. Write a short essay on Public Policy?
Step by step
Solved in 3 steps
- Why are sustainability challenges so difficult to solve?For an output level exactly at QEQE, the value of a unit to a buyer is equal to the cost of a unit to a seller. Suppose a firm that produces for this market employs a private security force that makes town residents, many of whom have no business with the company, feel safer. This scenario is characterized by , which is an example ofThe AstraZeneca vaccine is considered to be what type of good? * a.Private Good b.Demerit Good c.Public good d.Merit Good
- Think of an economic topic that you have in mind that you are interested to. 1. What is the topic? 2. Why did you choose that topic? 3. Who should you invite to lecture on this topic? 4. Why did you choose that speaker? 5. What does he have that you think he is an authority to speak on this topic?Imagine you are working as a climate advisor to the federal government and they want to craft a bill to drastically reduce methane emissions in America. Which of the following policies would you recommend to them as the most effective in reducing methane? a. federal and state funding being directed to the western states for large scale forest management and fire prevention b. incentive programs to reduce meat production and consumption, while additionally subsidizing alternative diet options c. a nationwide waste management program focused on composting organic material to divert waste from landfills d. incentivizing solar panels to allow for affordable renewable energy that is competitive with market pricing for energy]What is a way to determine the value of a forest that remains intact? A. The number of people who visit this forest. B. How much money people would pay to protect this forest. C. The amount of money that people spend to purchase gear for camping in this forest. D. How long it takes for people to reach the forest by different modes of transportation. E. A and B. F. All of the above.
- explain when and how the government intervenes in the economyThe city of Edmonton is trying to figure out if they should add lights to crosswalks on busy roads. The lights would cost the city $80 000 to install and would improve safety at these crosswalks. If the crosswalk lights reduce the risk of fatality by 1 percent and the city estimates the value of human life is $10 million, what would an economist advise the city to do? Select one: O a. The economist would advise the city to install the lights because the cross out expected benefit of $1 000 000 is greater than the cost. O b. The economist would advise the city to not install the lights because the expected benefit of $80 000 is equal to the cost. cross out O c. The economist would advise the city to install the lights because the expected benefit of $100 000 is greater than the cost. cross out O d. The economist would advise the city to not install the lights because the expected benefit of $10 000 is less than the cost. cross outWrite an essay of between 700 and 800 words on A. Do you think Ghana should produce her own vaccine for the Coronavirus? Support your answer with three well explained reasons. B. In one paragraph explain how you achieved unity in the first body paragraph of the essay you have written for question 1
- write an essay about the Economics of state and local government.1.Historically, political economy has been the mother of economics. But over time, political economy and economics became different. Can you explain the differences and similarities?What role of government do you think is the most important from an economic perspective and why? Post a brief paragraph responding the discussion prompt above.
