[Related to the Economics in Practice on p. 329] The Economics in Practice suggests that economists often distinguish between short-run and long-run effects of policies or actions when adjusting to environmental disasters. Research a recent environmental disaster (such as the New England blizzard in early 2015, Hurricane Sandy in 2012, the 2015 earthquake in Nepal, or the BP oil spill in 2010.) Explain the major environmental impact the disaster had on the affected area, how long you think it will take for the area to recover from the disaster, and why you believe the adjustment to the disaster will take either a relatively short or long time.
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- 1. Provide three reasons why it is important for environmental economists to adhere to a code of ethics, whether the code of ethics is formal (documented and sanctioned by an established group) or informal (simply a matter of thinking about what is right, possible spillover effects, and what advice would be appropriate) 2. Explain how environmental justice is related to decisions that governments make about how we use and/or protect environmental resources.arrow_forwardPlease try to write a clear and understandable answer. If the graphs will be done on paper, please try to have clear handwriting that make is possible to understand the labels as well as the way you got to that answer! Thank you!arrow_forwardPresently, there is a major conference in Glasgow Scotland regarding climate change, neither the first nor the last attempt at this. Reactions range from hopeful optimism to downright cynicism. To be sure climate change is a global issue. There are many causes, from the results of economic activity to natural forces in the earth's core we can do little about. How do you feel about the drive to control climate change. What have you done to "go green", or are you one of the skeptics?arrow_forward
- 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.arrow_forwardDescribe the overall tasks of being an environmental economist. Do you work independently or with others? What does the work environment look like? Do you work indoors or outdoors? What are the different career opportunities? Are there any risks with the job? with more...arrow_forward"The use of economic instruments (such as emissions charges and emissions trading system) in environmental policies is not effective and weakens our traditional protection of the environment. Command-and-control is cost-effective environmental policy to deal with environmental problems." Discuss.arrow_forward
- Cap and Trade policies are among the best environmental policies being used. However, it can be argued that they allow inefficient, high polluting sources to continue polluting. Is there a better way? What changes if any, would you make if you were the head of the EPA (Environment Protection Agency).arrow_forwardWhat did the National Environmental Policy Act accomplish? Briefly describe the origin and mission of the U.S. Environmental Protection Agency.arrow_forward34. what are some proms and cons of being an environmental economist?arrow_forward
- Think of one environmental problem that you would like to see solved. From what you’ve learned about policymaking in this chapter, describe how you think you could best create policy to address this problem.arrow_forwardPlease provide correct answer in detail... Provide three reasons why it is important for environmental economists to adhere to a code of ethics, whether the code of ethics is formal (documented and sanctioned by an established group) or informal (simply a matter of thinking about what is right, possible spillover effects, and what advice would be appropriate).arrow_forwardSummarize how the first, second, and third waves of environmental policy in U.S. history differed from one another. Describe two current priorities in international environmental policy.arrow_forward