1. Is efficient economy necessary for environmental sustainability? Justify your answer. 2. Is efficient economy sufficient for environmental sustainability? If yes, explain why. If not, what else is needed? 3. Describe bio-diversity as instrumentally valuable. 4. Describe bio-diversity as intrinsically valuable.
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- In environmental economics: Suppose that society wants to reduce the quantity of discharged residuals into the natural environment, what are 3 ways to do so? What are some obstacles that could be associated with each one?Question 1. What is meant by "the market system?" Question 2. How is the market system justified? Question 3. What, exactly, is "fraud?" Quesetion 4. What is an "externality?" Question 5. What is "market failure?"Just answer true or false 1. Mining has negative externalities 2. The social cost of putting up a dam is reduced if the government ensures that the communities adversely affected are relocated in another area with sustainable sources of livelihood 3. Fireworks display during Christmas sponsored by an agency has both positive and negative externalities. 4. When a public space has been enclosed for a concert and people can only get in by buying tickets, the public space is no longer a public good that is non-rival and non-exclusive.
- Resource book: People and Nature An Introduction to Human Ecological Relations by Emilio F. MoranHow does the precautionary principle work? Describe how the precautionary principle would be applied to shape policy in relation to a particular environmental issue, such as global warming or deforestation.please help me with the questions below: Explain why it is difficult to estimate the value people place on environmental goods, thebenefits they receive from cleaner air and other services of nature. How might you calculate WTP or MWTP for an environmental good? Distinguish between use and non-use value.
- Concepts illustrated in the Tragedy of Commons that we need to recognize include undersanding natural sysems and how they operate. being aware of how the reality of human nature can impact resources . considering how the Tragedy of the Commons connects with the oncept of sustainability . BOTH being aware of how the reality of human nature can impact resources AND considering how the Tragedy of the Commons connects with the concept of susainability all of the above. The name of the class is introduction to sustainability.Fish in the deep sea are being fished to the point of extinction, yet fish in privately owned fish farms are not. Think like an economist: What explains the difference? choosefrom answers below Group of answer choices a. Deep-sea fishermen can’t afford to be as environmentally conscious as fish farmers. b. Deep-sea fishermen tend to be “present oriented” while fish farmers tend to be “future oriented". c. Deep-sea fishermen do not bear the full costs of their harvesting decisions, while fish farmers do. d. None of the above.What makes climate change an economic problem? And if it is, how should policy dealwith it?Your answer should include reference to at least three of the following aspects of theproblem:a) Climate change as an externalityb) A carbon tax vs. cap and tradec) Cost-benefit analysisd) Assessing costs to future generationse) Environmental dynamics
- According to Ecological Economists "it is fallacious for a number of influential Economists, most notably Edward Denison and George Perry, to minimize the role of energy in production and indicated that the role of energy is primary, coequal with capital formation". Examine the economic basis for this argument.There is increasing scientific evidence that climate change caused by human actions has substantially impacted surface temperatures on Earth. However, what is unclear is the tools available to managers and policymakers to reduce carbon emissions. Greenhouse gas emissions come from a large number of sources such as power plants, and factories to automobiles all around the world. Therefore, the number of pollution sources that need to be controlled is enormous. Additionally, countries often balk at the enormous price of curtailing their emissions. To address some of these challenges, the European Union adopted a cap-and-trade system to reduce their emissions. As an economic advisor and consultant to the European Union, your opinion has been sought on the cap-and-trade system and whether it is beneficial in reducing carbon emissions. Using the tools of managerial economics, analyse the cap-and trade system and comment on the ability of this policy to reduce carbon emissions. Does a…What is a scenario that demonstrates the concepts of scarcity, choice, and opportunity cost in the utilization of economic resources.