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- What are the two main approaches to tackle the problem of global warming and climate change? Next, compare the two approaches along the following dimension: Based on the current state of scientific and economic knowledge, which of the two types of policy is most likely to be cost-effective? Does it mean it will be used? Explain.Create a graph that best describes how the COVID-19 pandemic affected the US economy.The following excerpt comes from page 96 of Brian Fagan's book The Little Ice Age: How Climate Made History 1300-1850 The Roanoke colonists were last seen by their British compatriots on August 22, 1587, at the height of the driest growing season in eight hundred years. Even as their compatriots departed, the colony's Native American neighbors were concerned about the poor condition of their crops. The drought persisted for two more years and created a serious food crisis both for the local Croatan people and the colonists. Since the latter were heavily dependent on the Croatan, this very dependence must have aggravated already serious food shortages. Many historians have criticized the Roanoke colony for poor planning and for a seeming indifference to how they were going to feed themselves in the face of apparent disinterest from England. But even the best planned colony would have been challenged by the 1587-89 drought. Which of the following examples correctly integrates a direct…
- Explain Ecological Models and also define simplifying assumptions to construct such a model ?The US space budget is $24billion. Why do countries spend so much money on space research?Suppose you are part of an economic analysis team charged with recommending a policy response to pesticide risks. Explain the steps your team should take and why.
- SCENARIO 1.2: A scientist wants to understand the relationship between automobile emissions and the level of global warming. The scientist collects data on the volume of automobile emissions and the levels of global warming over time. The scientist concludes that a 1% increase in automobile emissions causes a 0.0003% increase in average global temperatures. From this information he concludes that the automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures. Refer to Scenario 1.2. The statement that a 1% increase in the automobile emissions causes a 0.0003% increase in average global temperatures is an example of normative economics. marginal economics. the fallacy of logic. O positive economics.SCENARIO 1.2: A scientist wants to understand the relationship between automobile emissions and the level of global warming. The scientist collects data on the volume of automobile emissions and the levels of global warming over time. The scientist concludes that a 1% increase in automobile emissions causes a 0.0003% increase in average global temperatures. From this information he concludes that the automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures. Refer to Scenario 1.2. The statement, "automobile emissions are harmful to the environment and should be reduced to stop the increase in global temperatures," is an example of normative economics. positive economics. the fallacy of logic. marginal economics.DQ 2: Can people who disagree about normative ethical theory still reach agreement on practical ethical questions in the business world? If so, how? please help with this discussion post
- Often there are trade-offs or sacrifices people must make in deciding what is important to them. Generally speaking, when a trade-off has to be made, which is more important to you: stimulating the economy or protecting the environment? Which worries you more: that the U.S. will NOT take the actions necessary to prevent the catastrophic effects of global warming because it fears those actions would harm the economy, or that the U.S. WILL take actions to protect against global warming and those actions will cripple the U.S. economy? 61% were in favor of stimulating the economy when presented with the first question, but only 46% were when presented with the second question. Why do you think that is?How Many decisions in business and economics require quantitative estimates? why ?riversity - Welcome to My. X Homework (Ch 16). x MindTap - Cengage Leaming à ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=5981412232614779684085777463&#ISBN=9780357133576&id=1456476913&snapshotld=2884466& ristopher Lee v * CENGAGE MINDTAP y Home Homework (Ch 16) C ourses Place the black point (plus symbol) on the graph to indicate the short-run profit-maximizing price and quantity for this monopolistically competitive company. Then, use the green rectangle (triangle symbols) to shade the area representing the company's profit or loss. Catalog and Study Tools (2 Rental Options College Success Tips 500 Career Success Tips 450 OMMENDED FOR You Monopolistically Competitive Outcome 400 350 SQUAT Quadrip Gluteus Maximus Erector Spinae 300 Profit or Loss 250 achine Exercises: Lower 200 ody 150 ATC Machine 100 e Help 50 "MC O Give Feedback MR Demand 100 150 200 250 300 350 400 450 s00 QUANTITY (Bikes) Given the profit-maximizing choice of output and price, the shop is making v…