On Tuesday 4 October this year, the Minister for the Environment, Tanya Plibersek, announced a new strategy to protect Australia’s threatened plant and animal species. The Saving Native Species Plan will cost $224.5 million. (a) How would you define the benefits of this expenditure? (b) Could the economic benefits be quantified?

On Tuesday 4 October this year, the Minister for the Environment, Tanya Plibersek, announced a new strategy to protect Australia’s threatened plant and animal species. The Saving Native Species Plan will cost $224.5 million. (a) How would you define the benefits of this expenditure? (b) Could the economic benefits be quantified?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter10: Financing And Producing Goods

Section10.1: Investing In The Free Enterprise System

Problem 2R

See similar textbooks

Similar questions

Economists charged with the responsibility for performing a benefit–cost analysis encounter many decision points requiring judgment. Explain using suitable example how the decision point below is applied in benefit–cost analysis. Tangible versus Intangible Benefits
Which three major characteristics of environmental sustainability which are most important?
An example of a firm that would least likely be recognized as socially responsible isa. a farm that specializes in organically grown produce.b. a builder that constructs energy-efficient homes.c. a manufacturer of pollution-control equipment.d. a high fee, low return investment company.
List 3 primary sources and 3 secondary sources supporting the argument as to why the government should support cutting and possibly eliminating most carbon emissions to prevent human contributions to Global Warming and climate change.
Air pollution in the country of Gawanza has grown over the last ten years with an increase in manufacturing industries. The government of Gawanza now has a plan to reduce the CO2 emissions into the air by 10% per year over the next 10 years. What do you expect will happen? The marginal cost and marginal benefits to Gawanza of reducing CO2 will be lowest in the last few years of implementing this plan. The marginal cost and marginal benefits to Gawanza of reducing CO2 will be lowest in the last few years of implementing this plan. The marginal cost of reducing CO2 will be the highest and marginal benefits of reducing CO2 will be the lowest in year ten. The marginal cost of reducing CO2 will be the highest and marginal benefits of reducing CO2 will be the lowest in year ten. The marginal cost and marginal benefits to Gawanza of reducing CO2 will be highest in the last few years of implementing this plan. The marginal cost and marginal benefits to Gawanza of reducing…
I don’t know what the correct answers to this. I’ve asked a couple times and it still wrong. The only options left are 1) cost benefit analysis is likely to lead to implementation policies that promote private provision of goods and services or 2) some item of value doesn’t have an owner with legal authority to control it.
As a consumer, what other metrics would you suggest that might reflect benefits of sustainability initiatives that would motivate you to purchase from one provider or the other?
A new business venture must develop a comprehensive business plan if it hopes to acquire start-up funding. Companies such as FedEx and Nike say they did not follow the original plan closely. Does that mean that developing the plan was a waste of time for these eventually successful companies? List the benefits and limitations of planning
1. All e-government service preference categories are similar in their importance concerning public demand. Select one: a. False b. True 2. E-government user relationship management includes: Select one: a. organizing, steering b. all other options c. information and communication technology-based planning d. controlling of user relationships 3. The transaction Business Model follows the approach to provide users with a comfortable online communication platform. Select one: a. True b. False 4. The non-functional e-demand factors can be organized into three quality packages: Use quality, System Quality, and Service quality (USS). Select one: a. True b. False 5. Civic and immigration services category is one of the e-government service preferences, which contain all of the examples except: Select one: a. job portal application b. ID card application c. residence permit application d. driver license application 6. The structure of public business model innovation…
The Vice President of the Republic of Zambia launched a pilot project to clear canals on the Barotse flood plains in Western The pilot project estimated to cost 77 million kwacha will be implemented by China Railways and Samutala Management Services. Discus using suitable examples; 3 Secondary benefits the canal clearing project will bring to the people of Western Province.
What are the macro-environmental factors (pestel analysis) of Implementing/Activating an Emergency Response Team in an Organization?
QUESTION 2 Based on this week's readings, select the item(s) which are a cost-benefit analysis procedure: O A. Identify important long-term and short-term costs and benefits B. Measure tangible costs and benefits OC. Adjust the measurements for changes in value over time OD. Total the costs and benefits