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Example of internal integration and then an example of external integration.
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- Under a cap and trade system: a) the quantity of carbon emission is determined endogenously, while the price of emissions is set exogenously b) the price of carbon emissions is determined endogenously, while the quantity of emissions is set exogenously c) neither the quantity nor the price of emissions is determined endogenously d) both the quantity and price of emissions are determined exogenously e) both the quantity and price of emissions are determined endogenouslySuppose California adopts environmental rules that permit manufacturers to emit more pollutants into the air, which affects air quality in Nevada and other neighboring states. This is an example of a/an_____________________. a. Intergovernmental transfer b. Coordination problem c. Optimal response d. Positive externality e. Negative externalityTypically this kind of economic activity results in environmental harm through production and consumption externalities. When a country such as Econ Land manages to break the link between economic activity and environmental harm, it is known as ["decoupling", "uncoupling"] . Whether Econ Land has truly broken this link or not depends on the amount of ["export pollution", "import pollution"] they are responsible for, pollution in other countries resulting from the production of products consumed in the country of Econ Land.
- What is Rational Choice, and which perspective of IPE does it support? In what way do both the provision of public goods and prisoners' dilemma demonstrate "collective action problems"? Who is Adam Smith? What was Adam Smith’s idea of international Trade? Who is John Maynard Keynes?Using the city model from lecture, say that a city has N=1,000,000 workers, a natural advantage of firms of B =300, an agglomeration parameter of α = 1/6, and a diseconomy parameter of γ=½. What is the value of the net externality of one additional resident on other residents (i.e., the positive externality on productivity minus the negative externality from urban diseconomies)?Suppose a firm is able to dump toxic chemicals into a river next to its factory, which poisons wildlife and harms the health of nearby residents who have no business with the company. This scenario is characterized by which is an example of an externality, market failure market power; market failure market power; welfare an externality; welfare
- You are given the following information for two hypothetical schools: Triton College can teach 15 Oceanography (OCN) courses OR 5 Political Science (POLI) courses, while Capitol University can teach 28 OCN courses OR 7 POLI courses. Assume that the faculty at each school is homogeneous. a. Which is more efficient at teaching OCN? b. Which is more efficient at teaching POLI? c. Suppose that Capitol University merges with Triton College to form Capitron Academy. Draw the PPF for Capitron Academy. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Please explain the theory of external economiesIdentify what constitutes social cost of production.
