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Discuss the implementation of a hazard analysis and the determination of critical control points
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- Considering the enormous potential financial losses that hydrometeorological hazards can cause for individuals, households, communities, provinces, regions, and the country. Is it financially viable to adapt proactive measures to mitigate the effects of these?evaluate different approaches to conducting an internal environmental analysisIf the true marginal abatement cost is unknown by the regulator and if the marginal benefits of abatement are steeper (more inelastic) than the marginal abatement cost, then a price instrument (emissions tax) will create less DWL than a quantity instrument (cap and trade). true or false
- Discuss the following terms with regards to Economical evaluation of environmental goods and services using suitable examples. Use value Option value Non-use valueWhich of the following approaches would be most likely to be employed to calculate the worth of protecting an isolated arctic wildlife preserve?Hedonic pricing Travel cost modelsDefensive spendingReplacement cost methodsContingent valuationBranding Iron Products, a specialty steel fabricator, operates a plant in the town of West Star, Texas. The town has grown rapidly because of recent discoveries of oil and gas in the area. Many of the new residents have expressed concern at the amount of pollution (primarily particulate matter in the air and waste water in the town’s river) emitted by Branding Iron. Three proposals have been made to remedy the problem:a. Impose a tax on the amount of particulate matter and the amount of waste water emitted by the firm.b. Prohibit pollution by the firm.c. Offer tax incentives to the firm to clean up its production processes.Evaluate each of these alternatives from the perspectives of economic efficiency, equity, and the likely long-term impact on the firm.
- Roughly ten percent of elementary schools in California have a system whereby 4th to 6th graders share a common classroom and a single teacher (multi-age, multi- m grade classroom). Suggest an experimental design that would allow you to assess the effect of learning in this environment. Mention some of the threats to internal and external validity and how you would attempt to circumvent these.There are two signatures. The profit function of firm j is: Zj = Zj + AEJ - B/2 * E2J Where all parameters are positive and EJ denotes the emissions of firm j. (i) If there is no regulation, what level of emissions will each firm choose?Owning, operating, and maintaining an automobile carries with it private internal costs to the driver, as well as public external societal costs. List five internal and external costs
- For a marginal damage cost function equal to: MD = 0.8E, the marginal damage cost of the 50th unit of emissions is _______.Does it seem reasonable for NEPA to require that an economic impact analysis be left out of the conversation when agencies create an environmental impact analysis?Discuss 5 barriers to effective project planning in Zimbabwe