Midmacroeconomic Environment Midterm Essay

Which of the following is not a requirement to become registered in PEO (Professional Engineers of Ontario)

What is the effect on the equilibrium price and equilibrium quantity of orange juice if the price of apple juice decreases and the wage rate paid to orange grove workers increases?

Carbon taxing coal-based products, in a revenue-neutral way, will help discourage overuse of fossil fuels. The United States needs to reduce carbon emissions in order to avoid the costs that pollution and climate change inflict on the general economy and individuals. Carbon, unlike other commodities exchanged and consumed in the free market, bears unique costs to the general economy that its market price does not encompass. The pollution we create when we consume carbon contaminates our air, raises temperatures, and makes severe weather events more frequent. A carbon tax is an economic mechanism that forces actors in a free market to come face-to-face with the social cost of

Your paper should be between 1750 and 2500 words, in APA format and structured as follows:

Sexton (2013) refers to opportunity cost as the chance given up because another choice was made instead. That means if I’m faced with two options and I can only choose one, the one I didn’t choose is the opportunity cost.

In this case there is a performing arts center that is in definite need of a solid plan to keep revenue in and fight away all of its losses. There is a lady by the name of Anita Scism that is new into her role of President and C.E.O. This company is inspired by education and is built by the donations, scholarships, investors, contributions, endowments, and funding by local banks. There is a need to provide decisions made by a solid team so she is stuck with a need to recruit. This performing arts center has up and down revenue as all events are not profitable. The fact is all of their shows are not sold out, but most of them are very profitable. Anita Scism has very large shoes to fill and she went right in appointing a team to help her with

* Switch to low-sulfur coal from Kentucky or West Virginia. The emissions would be lower than the amount permitted in Phase One, but in Phase Two they would have to buy allowances.

Therefore, cap-and-trade, a market-based mechanism, allowed a process for business to buy and sell the right to pollute (Lawrence & Weber, 2017) as the EPA, with the Clean Air Act of 1990, placed a national cap on emissions of sulfur and nitrogen oxides (Allen & Yago, 2011). Ultimately, the cap-and-trade system created incentives to explore ways to reduce sulfur dioxide emission by taking advantage of low-cost abatement options. Subsequently, if annual emissions exceeded the allowances allocated to that facility, the CEO may purchase allowances from another company or reduce emissions by installing pollution controls through the cap-and-trade program (Schmalensee & Stavins,

In this way, the Fed manages price inflation in the economy. So bonds affect the U.S. economy by determining interest rates. This affects the amount of liquidity. This determines how easy or difficult it is to buy things on credit, take out loans for cars, houses or education, and expand businesses. In other words, bonds affect everything in the economy. Treasury bonds impact the economy by providing extra spending money for the government and consumers. This is because Treasury bonds are essentially a loan to the government that is usually purchased by domestic consumers. However, for a variety of reasons, foreign governments have been purchasing a larger percentage of Treasury bonds, in effect providing the U.S. government with a loan. This allows the government to spend more, which stimulates the economy. Treasury bonds also help the consumer. When there is a great demand for bonds, it lowers the interest rate.

Appalachian Coal Mining believes that it can increase labor productivity and, there-fore, net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is

Opportunity cost is the value of next best option. Giving up one thing to do something else.

As a result, GDP will be negatively affected by the effects of reduced production activities of firms and lowered disposable income level of consumers. Therefore, in order to minimize the negative impact on the economy, policy should be carefully designed to compensate household proportionally to the extent of impacts due to the carbon tax. And, it needs to have alternative incentives for firms to sustain their production level through subsidizing renewable industries. In order to show this result, this study takes steps to explain each of following policy questions: 1) How and which would consumers be affected, 2) How would tax payers (firms) react in the response of carbon tax, and 3) What could the overall impact on the economy be.

A retail dry cleaning store cleans two-piece suits for $12 each. Its patrons are individual "walk-ins." There are several similar dry cleaners in the city and this firm offers no special services. The firm can clean up to 1,000 suits per week. It has fixed costs of $3,500 per week (amortization on its equipment, rent, taxes, and salaries) plus a cost of $4 per suit for chemicals, packaging materials, order processing, and incidentals. Volume per week has been fairly constant at 600 suits.

This affects the decrease of net income and requires increased revenue of sales in order to restore profit.

Because of the harmful affects of acid rain, the distance it can travel and how pricey it is to try and reverse, it has become the reason for more than a few lawsuits. The basis for many of these lawsuits is that a factory in location A is causing a major (harmful) effect on the environment in location B. Acid rain occurs in clouds and these clouds may travel hundreds of miles; this is what the lawsuits are based on. The result of these lawsuits is that the