Q: Explain key ideas of ecological economics.
A: Ecological Economics: The concept- Ecological economics shows how economics is implanted in the…
Q: what are some proms and cons of being an environmental economist?
A: Environmental economists supervise the economic analysis which is linked to environmental protection…
Q: Would environmentalists favor command-and-control policies as a way to reduce pollution?
A: Command and Control Policies: The command and control policies are the set of rules and regulations…
Q: Using the PESTEL (or PESTELE) model and other macro and micro-environmental factors discuss the…
A: The main factors affecting the working of Pakistan International Airlines are an environmental…
Q: Compare and contrast the different approaches to environmental policymaking
A: Environmental policymaking The term environmental policymaking means to issue laws, policies or any…
Q: Why do economists care about positive externalities?
A: The externalities are the additional costs or benefits experienced by the person who is not a part…
Q: The socially optimal level of emissions of most pollutants is zero. Select
A: Marginal Social Cost and Marginal Social Benefit: The addition in the total social cost when one…
Q: Discuss the economic externalities that can result from deforestation
A: Externalities occur when producing or consuming goods can cause an impact on third parties not…
Q: Pollution is a negative externality. Why is it that the social optimum in a market that generates…
A: Externality: - it is a cost or benefit generated for the third party by the actions of other people.
Q: Because of issues of rivalry and excludability, greenhouse gas emissions can BEST be called a…
A: When talking about the rivalry an excludability of any good, it can be said that these two features…
Q: Which school subjects would have have use for when being a environmental economist?
A: The environmental economics would be the field of social science which would result in the…
Q: what is ecomics?
A: Economics is a social science that studies production, distribution, and consumption of goods and…
Q: Despite the logic of the Coase theorem, private actors often fail to resolve the problems caused by…
A: Externalities refer to the cost or benefit of an economic transaction incurred on a third party who…
Q: What assumptions do economists make? Why does each assumption matter in environmental economics?
A: Economics: It is related to the production, distribution, and consumption of goods and services.
Q: How does global demand for fish affect marine natural resource economics? Please give a reference.
A: The global demand for fish occurs when people demand fish all over the world. Its demand is…
Q: Should a firm exceed the minimum legal limits of government imposed environmental regulations and be…
A: Externality refers to the implication of one's action on the actions of others. For example,…
Q: What elements does an economically sensible solution to limiting greenhouse-gas emissions to prevent…
A: Global Warming:- The term "global warming" refers to an increase in the average temperature of the…
Q: Are negative externalities considered on a microeconomics analysis? Why or why not?
A: Microeconomics always deals with unit analysis that is with small units of the economy like…
Q: Justify teachings of property law to students of economics
A: Private property refers to the ownership of resources by private individuals without any government…
Q: Describe aspects of environmental economics and ecological economics
A: Economics is a social It looks into how individuals, businesses, governments, and countries decide…
Q: Consider the following model for the production of refined oil MPC = 100 + 0.7Q МЕС - 0.3Q MPB = 400…
A: The presence of externality leads to spillover costs benefits to a third party who is not directly…
Q: Discuss the externalities that can result from deforestation
A: Introduction Deforestation is the clearing, annihilating, or in any case evacuation of trees through…
Q: Which of the following is an example of Ecological value?
A: Ecological value is related to nature and environment.
Q: Is zero pollution an optimal goal?
A: An externality is present whenever some economic agents' welfare (utility or profit) is directly…
Q: estate agents, environmental economist and custom success manager?
A: Estate agents, environmental economist and customer success manager are different roles catering to…
Q: Studies have shown that people have a high value for beautiful architecture, What are some…
A: Introduction: In an economy, a few products are overproduced while some may be underproduced that…
Q: What makes climate change an economic problem? And if it is, how should policy deal with it? Your…
A: Human activities influence the climate system and anthropogenic discharge of green-house gas is the…
Q: Many economists would consider an efficient level of pollution control to occur where the marginal…
A: Answer: An efficient level of pollution control occurs where the marginal benefit of reducing…
Q: Which of the following statements is TRUE about the optimal quantity of pollution? Question 6…
A: B Pollution abatement should continue up to the point where marginal cost equals the average total…
Q: Explain the IPAT model. How can technology either increase or decrease environmental impact? Provide…
A: IPAT:- IPAT stands for the model equation which connects environmental outcomes to 3 cause…
Q: Conduct an external environment analysis focusing of Macro-factors. ( using PESTLE analysis)
A: PESTLE analysis of Macro-factors Political Factors Political factors in the macro climate…
Q: A country is currently creating40 million tons of toxic waste per year. The table below shows the…
A: All forms of unwanted materials example television or phone disposed contain harmful chemicals and…
Q: The social cost of carbon is measured as the welfare gain associated with the total tons of carbon…
A: Social cost: It means the total cost to society.
Q: What are some pros and cons of being an environmental economist?
A: pros:- the advantage of being an environmental economist is that is a great profession and can do…
Q: millions of barrels of oil and P is the price per barrel of oil. The marginal private cost of…
A: Marginal private cost (MPC) is the change in the producer's total cost brought about by the…
Q: Why might a wetland ecologist scoff at an economist when the economist claims to have come up with a…
A: The benefit-cost analysis is the systematic process that measures the total benefits the project…
Q: Describe four ways in which neoclassical economic approaches can contribute to environmental…
A: Neoclassical economic theories can contribute to environmental problems in these ways;
Q: Refer to the diagram. With MB1 and MC1, society's optimal amount of pollution abatement is Multiple…
A: At Q1 is the point where the marginal benefit equals the private marginal cost while the social…
Q: Which of the following is an example of an activity that creates an external cost? i. a smoker…
A: Externality’ means the uncompensated impact of one person’s actions on well being of a bystander. If…
Q: Which of the following will most likely generate positive externalities of consumption? a. A hot dog…
A: Positive externalities of consumption:- When consuming a good results in a positive overall to a…
Q: Explain the concept of public goods in terms of environmental economics.
A: Public goods are those goods which are freely available on the market and whose use does not affect…
Q: Suppose that speeding imposes externalities on other people resulting in a social cost of $50. A…
A: Externalities occurs in the society or working of the economy when an action or policy is affecting…
Q: why environmentalists consider economics as enemy of the environment?
A: Economics refers to the subject where allocation and distribution of scarce resources of the economy…
Explain the difference between neoclassical environmental economics, resource economics and ecological economics
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- Describe aspects of environmental economics and ecological economicsExplain key ideas of ecological economics.Which of the following is not considered a strength of the environmental economics approach? a. companies will be motivated to try and reduce environmental impacts to have more economic gain. b. market-based solutions offer incentives for behavioural changes that directly address the issue at hand, fostering tangible change. c. policies with significant economic costs often face rejection. d. it assigns price/ quantitative value to natural resources, making it easier to weigh the impacts and awareness on how companies/people use it. e. it tries to balance the resource that you have, whatever it may be, to use and manage it appropriately and tries not to have any negative impacts on our environment.
- See attached environmental economicswhy environmentalists consider economics as enemy of the environment?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?
- See attached for environmental economics question part twoExplain the concept of public goods in terms of environmental economics.Which of the following are examples of positive externalities. A. Light pollution from cities making it more difficult for observatories to view distant stars. B. Job losses associated with a factory closure in the United States, because a factory was opened in Mexico to replace it. C. Reduced crime rates stemming from rapid economic growth and reduced unemployment. D. Pollution emissions from power plants. E. Reduced prices for all manner of electronic goods due to free trade with China and low-cost manufacturing there. F. Unsightly oil rigs offshore from Santa Barbara, diminishing the quality of the view for beachgoers and coastal homeowners. G. High gas prices caused by rapid demand growth in China. H. Reduced incidence of the common flu stemming from more people obtaining flu shots during the Fall. I. Noise pollution emanating from windmills on the North Shore of Oahu. J. Noise from traffic on a busy street.…
- The “demand” (MB) curve for pollution abatement would be given by the pollution damages that could be avoided by each successive unit of abatement. There are likely to be declining marginal benefits from each additional unit of abatement. The marginal cost of abatement is likely to start small, and then grow, yielding increasing marginal abatement costs from each additional unit of abatement. The socially efficient amount of abatement would be given by the intersection of the falling marginal benefit (avoided damages) curve and the rising marginal abatement cost curve. However, unregulated firms can often simply ignore the damages caused by the pollution they create. a. Illustrate the marginal private benefit curve, as perceived by the firm, if they don’t have to think about their pollution at all, and show the firm’s privately efficient amount of abatement. b. If the regulatory agency sets a standard for expected levels of abatement, and charges the firm a huge fine per unit if…Classify the following pollution-control policies as command-and-control or market incentive based. a. A state emissions tax on the quantity of carbon emitted by each firm. b. The federal government requires domestic auto companies to improve car emissions by 2020. c. The EPA sets national standards for water quality. d. A city sells permits to firms that allow them to emit a specified quantity of pollution. e. The federal government pays fishermen to preserve salmon.Why is the term "Extinction Level Pollution Emissions" a better description than "global warming?"
