Which of the below statements is (are) correct? ' 3 poir a. Ecological economics assumes that there is no physical limit to the reserve that nature has to offer. b. Ecological economics assumes that there is a physical limit to the reserve that nature has to offer. O c. Both a and b O d. None of these

Which of the below statements is (are) correct? ' 3 poir a. Ecological economics assumes that there is no physical limit to the reserve that nature has to offer. b. Ecological economics assumes that there is a physical limit to the reserve that nature has to offer. O c. Both a and b O d. None of these

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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4. The government of a country must make a decision between increasing military spending and subsidizing food available because the trucks carrying it are on strike, Shehi water available for irrigating a crop because it is used for other crops. 1. Any resources that are made by humans and used to create other goods and services are called Identify the choice that best completes the statement or answers the question. racy Intro to Economics Chapter 1 9-20-21 333 2nd hr Class: pate: Multiple Choice a. services, b. production. An example of a shortage is limited amounts of capital. labor. 2. a. b. labor available because the workers baye other joos c. food available because few people want The resources used to make all goods and services are the production possibilities. factors of production. d. 3. buy it. production trade-offs. d. opportunity costs. c. wheat farmers. This kind of decision is a guns or butter issue, decision at the margin. global trade-off. basic economic decision. с.…
The 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 out
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1. Consider the following conversation.CHAD: “None of the COVID-19 vaccines in Canada has full Health Canadaapproval, and if you get injured from the vaccines, then the pharmaceutical companiesare not liable. Furthermore, the vaccines do not prevent against the spread ofcoronavirus, though they may reduce symptoms. However, their efficacy wanes aftera few months.”VIRGO: “Vaccines have helped humanity to conquer diseases like tetanus andsmallpox. Why are you saying that vaccines don’t help at all?”Which logical fallacy does Virgo commit?(A) Argument from authority.(B) Ad Hominem.(C) Post Hoc Ergo Procter Hoc.(D) Straw Man.
When people wear masks during a pandemic it provides an external benefit to others. Economists would likely argue that governments should socially optimal level. for masks otherwise the amount of mask wearing produced by the market would be the Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a impose a tax; above provide a subsidy; below impose a tax; below P. provide a subsidy; above
Consider a manufacturer that can produce guns and computers. A hurricane damages much of the manufacturer's production facility, which is required to produce either of the goods. In the two depictions of the economy's production possibilities frontier below, which change best captures the impact of the hurricane on this firm's production possibilities. Computers O a Od Ob Oc a b Guns Computers с Guns