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- 13- Which of the following economic systems has a government control on its private companies? a. Capitalist economy b. Socialist economy c. Free market economy d. Mixed economy1. a) What resources are important to Manitoba? 1. b) Why are these resources so important? Provide at least one piece of information about each of the resources found in Manitoba. 1. c) In what ways could the community conserve or sustainably manage these resources?6- Which of the following is not found in a capitalist economy? a. Competition among enterprises b. Central Economic Planning c. Freedom to start business d. Profit motive
- 1. How can a government encourage investment in a specific technology via the tax laws ? ( for example , information technology , sustainability , or environmental protection )1. a) What resources are important to Nova Scotia? 1. b) Why are these resources so important? Provide at least one piece of information about each of the resources found in Nova Scotia. 1. c) In what ways could the community conserve or sustainably manage these resources?4.1 A ________ provides money that does not need to be repaid. It is intended to promote renewable energy projects and is primarily available to commercial, industrial, utility, are educational institutions. a. Loan b. Incentive c. Grant d. Lease 4.2 In 1838 the photovoltaic industry was started when Alexandre Edmund Becquerel discovered ______. a. The Becquerel principle b. The photovoltaic effect c. Solar radiation d. Solar irradiance 4.3 A(n) _______ converts DC electricity to AC electricity. a. Converter b. Inventer c. Coupler d. Transformer 4.4 A ______ system collects solar radiation from the sun and converts it directly into DC (direct current) electricity. a. Solar thermal b. Solar architectural c. Photovoltaic d. Radiator
- Question 26 Consider two ways to reduce pollution--establishment of taxes on the pollution or the sale of permits to polluters. Which of the following best describes the outcome? a Both methods can result in the same reduction of pollution, but the permits may achieve that goal with lower administrative costs. b Both methods can result in the same reduction of pollution, but the permits may achieve that goal with higher administrative costs. c The permits will allow more pollution, but both methods will have the same administrative costs. d Both methods can result in the same reduction of pollution and the same adminstrative costs.1.) Include explanations what are the difference between induced and indirect economic impact? 2.) Discuss issues involved in measuring economic impact studies6, Discuss extensively and with examples the economist perspective on economic cooperation, economic competition, and destructive economic conflicts.
- 3-Do you believe that it is ever justifiable to engage in illegitimate political behaviors such as backstabbingờ II so, what are some conditions that might justify such behavior?4. Answer both questions 2. Suppose a particular stretch of river can be used to build a hydropower dam that generates Q Kilowatt-hours (MWh) of electricity. The electricity price is 1.44 per Kilowatt-hour. The opportunity cost of producing power is C = $0.0007 x Q2 per hour. The opportunity cost of the dam is due to the foregone net benefit that would have resulted from recreation activity related to the river. What is the net benefit of the dam if the dam has optimal size? 3. Assume that the society should decide on how to allocate 24 units of depletable resource between two periods (period 1 and period 2). Benefit and cost of extracting qi units of depletable resource in period i = 1,2 are Bi = 127qi – 2qi2 and Ci = 17qi respectively. How much should the society extract in period 1 if the discount rate is 2%?The Gizmo Company is planning to develop new household gadgets. Table 13.4 shows the companys demand for financial capital for research and development of these gadgets, based on expected rates of return from sales. Now, say that every investment would have an additional 5 social benefit—that is, an investment that pays at least a 6 return to the Gizmo Company will pay at least an 11 return for society as a whole; an investment that pays at least 7 for the Gizmo Company will pay at least 12 for society as a whole, and so on. Answer the questions that follow based on this information. If the going interest rate is 9, how much will Gizmo invest in R. How much will the firm invest if it also receives the social benefits of its investment? (Add an additional 5 return on all levels of investment.)
