ECNS 202 PRINTOUT
ECNS 202 PRINTOUT
8th Edition
ISBN: 9781337096584
Author: Mankiw
Publisher: CENGAGE L
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Chapter 9, Problem 8PA

Subpart (a):

To determine

The impact of avoiding tariff and taxing the consumption instead.

Sub part (b):

To determine

The impact of avoiding tariff and taxing the consumption instead.

Sub part (c):

To determine

The impact of avoiding tariff and taxing the consumption instead.

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2. Answer the following questions as they relate to a fishery: Why is the maximum sustainable yield not necessarily the optimal sustainable yield? Does the same intuition apply to Nathaniel's decision of when to cut his trees? What condition will hold at the equilibrium level of fishing in an open-access fishery? Use a graph to explain your answer, and show the level of fishing effort. Would this same condition hold if there was only one boat in the fishery? If not, what condition will hold, and why is it different? Use the same graph to show the single boat's level of effort. Suppose you are given authority to solve the open-access problem in the fishery. What is the key problem that you must address with your policy?
1. Repeated rounds of negotiation exacerbate the incentive to free-ride that exists for nations considering the ratification of international environmental agreements.
For environmental Economics, A-C Please
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