The choice experiment method ____. a. is an indirect, revealed preference approach for valuing environmental improvements b. is an indirect, stated preference approach for valuing environmental improvements c. is a direct, revealed preference approach for valuing environmental improvements
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The choice experiment method ____.
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- CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are FALSE d. 1st statement is FALSE, 2nd is TRUE STATEMENTS: 1. Environmental issues affect, and are affected by, economic development. 2. Inclusion of women in the design of environmental policy is important.A rational person will a) never make mistakes in choices. b) select the choice where the expected present benefit is greater c)follow the Maslow Hierarchy of wants. d) be uncaring and void of emotions.Question 2 Generally, people pay more for their first homes compared to their second homes." Is this statement true or false? State your position and defend it using economic theories and models from the text and from external sources. Full explain this question and text typing work only thanks
- Beverly spends $100 on a teeth whitening kit. After one application, her gums are inflamed and it feels like her mouth is on fire. Beverly is trying to decide whether to apply the treatment again, or throw the kit away. The opportunity cost of a second application is: Question 47 options: a $100.00 b the pain and suffering involved with the second application. c $100 + the pain and suffering involved with the second application. d $100 + the pain and suffering involved with the first and second application.Choose the best answer. Explain why it is the best answer. We care about the reasoning more than just havingthe right answer.1. Low skill industries . . .A. Reach their largest size in relatively small cities.B. Are relatively larger (compared to high skill industries) in small cities.C. A and B.D. Neither A nor B.Question 3 This is not a writing assignment, this is a multiple-choice question Over the past decade China and India are two countries that have been growing faster than most othe countries. But the higher economic growth and production is also resulting in pollution, poorer air quality in their major cities such as Beijing and Bombay, and environmental damage that harms society at large. The correct economic term for pollution and environmental depletion (NE chap 3) would be: Group of answer choices negative externality positive externality public bads negative internality public goods
- (1) single choice Q 1.Which of the following statements is true of creative destruction? A. Creative destruction is generally bad for an economy. B. Creative destruction is encouraged in economies with extractive institutions. C. Creative destruction creates losses for some economic agents and benefits for others. D. Creative destruction is a phenomenon that was mostly prevalent before the year 1800. Q 2.Which of the following statements is true? A. Future rewards are worth less than current rewards of the same value. B. Current rewards are worth less than future rewards of the same value. C. Risky options are always preferred to riskless options. D. Riskless options always have higher expected payoffs than risky options. Q 3.Scenario: Three investment options are available in a market. All three options provide the same expected rate of return but have different levels of risk associated with them. Investing in Option A is the riskiest, while investing in Option C is the…Please see question bellow and 1st answer. Please help with the 2nd part of the question. What kind of incentives would help with the problem? The black rhino is one of the most endangered species on the planet. In southern Africa in 1970 there were 65,000 Black Rhinos. Now there are only 2,500. Basic economics tells us why they are in trouble and what we can try to do about it. Why do people kill the black rhino? Because they can make a lot of money relative to the risk of getting caught - just like drug trafficking and lying on your taxes. In Asian communities the horn is viewed as an aphrodisiac and a powerful pain reliever. In Yemen sabers are made from them. As a result one horn can fetch $30K on the black market. The average yearly income in southern Africa is $1,000 and falling. The black rhino is worth more dead than alive. This is a market that does not correct itself. Another piece of this, that is common to many environmental challenges, is that most black rhinos are…CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are FALSE d. 1st statement is FALSE, 2nd is TRUE STATEMENTS: 1. Agriculture generates a large percentage of the GDP. 2. Agriculture employs a large percentage of the labor force.
- choose the corrrect answer: Question: This specifies that an action that could benefit more people and more subject should be achieved for the certain scenario. A. Common Good B. Greater/Greatest GoodThis is not a writing assignment, this is a multiple-choice question Of the following, in which case have the incentives been correctly placed to produced the desired results? Group of answer choices To protect the beautiful beach it is made communal property that belongs to everyone, together, and to no one individually. Each person using the beach thinks that the beach belongs to him/her, but when leaving the beach leaves his/her trash around for someone else to pick up, because the beach really belongs to everyone. Rent control forces the price of apartments below the market rate to make apartments more affordable, but has no income restriction requiring the lower priced apartments to be rented out to low income people. Rent control always results in shortage. Landlords prefer to rent out their few available apartments to people with assured income and small families. A piece of communal property is parceled out to many families, and each family receives a plot in which to…match each term with the correct definition ;economics opportunity cost marginal analysis utility a. the next best thing that must be forgone in order to produce one more unit of a given product b. the pleasure happiness or satisfction obtained from consuming a good or service. c the social science concerned with how individuals institutions and society make optimal choices under conditions of scarcity d. making choices based on comparing marginal benefits with marginal cost