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- Compare and contrast the three major approaches toenvironmentalpolicy: lawsuits, command-and-control,and economic policy tools. Describe an advantage anddisadvantage of each.In the tradeoff between economic output and environmental protection, what do the combinations on the protection possibility curve represent?Call a company be guaranteed all of the Social benefits of a new invention? Why or why not?
- ____________ is a term which refers to the widespread use ofpower-driven machinery and the economic and social changes that resulted in thefirst half of the 1800s. a)Industrial Revolution b)Capital deepening c)Living standard d)TechnologyWhat is the average external and internal correlation of paying attention to the 4th industrial revolution news index?With the advent of globalization and the WTO operations, which of this is happening or have happened? a. Neocolonial dependence model b. Public-Choice Theory c. Chenery Model d. Free-Market Analysis e. Market-Friendly Approach
- What are the research themes to inveatigate on the effects of the decline in economic activities in the natural environment due to the implementation of lockdown?Are intergovernmental organizations important? If so, in what ways? If not, then provideyour justifications.Overall, would it be more profitable for a business to follow the economic model or the socioeconomic model of social responsibility. Should therre be less?
- Critically analyse the macroeconomic and financial effects of climate change. How do these effectsdiffer between the Global South and the Global North?a. The nation of Alphaville has been hunting their deer population to extinction. The government decrees strict limits on the number of hunters, and on the number of rounds of ammunition that each hunter can take into the hunt. Hunters, like fishermen, are a creative lot: What will “capital stuffing” look like in this case? b. What would an individual transferable quotas (ITQ) system look like in this case? c. Do real governments use quotas like this to control deer populations? If you don’t know the answer, just ask your classmates: There’s probably a hunter or two in your course.Watch Dan Miller’s TED talk, A Simple and Smart Way to Fix Climate Change, and address the following questions. (a) What is the economic root of the climate change problem, that is, why do people (firms, consumers, etc) engage in activities which imply a cost to the environment that exceeds the economic benefit? (b) How does Miller’s proposal relate to the concept, presented in class, of Pigouvian taxation? (c) How does Miller’s proposal relate to the concept of repeated interaction (i.e., repeated games)? (d) What are the main constraints stopping proposals like Miller’s from being implemented?