Q: Explain key ideas of ecological economics.
A: Ecological Economics: The concept- Ecological economics shows how economics is implanted in the…
Q: What makes water pollution relevant to the researchers?
A: Answer - Water Pollution - It is the contamination of water environment or water body due to direct…
Q: What will be the socially efficient level output (tons)? a..
A: Option (b).
Q: Would environmentalists favor command-and-control policies as a way to reduce pollution? Why or why…
A: Command-and-control policies are used by the government to pursue environmental and sustainability…
Q: Which of the following is an example of a public good? A. Movie Theater B. Tacos C. Natural History…
A: Answer: A public good is good that is both non-excludable and non-rival. Natural History Museum (if…
Q: If negative externalities exist in the production of a product, it causes causes_ of the product
A: Negative Externality : Negative Externality exists when the production or consumption of a good or…
Q: What is ecological literacy
A: Identifying, abilities, and determination of a person to take reasonable choices that take into…
Q: Assume that the market for tradable emissions permits by power plants has been operating efficiently…
A:
Q: what are the corrective taxes? why do economists prefer them to regulate as a way to protect the…
A: Corrective tax is the tax which is enacted for reducing the negative externality. The production of…
Q: Studies have shown that people have a high value for beautiful architecture, so why is it often…
A: In an economy, some goods are overproduced while some might be underproduced that depends upon the…
Q: What are pollution havens? How are they created or why do they exist? Why do economists think they…
A: According to the Pollution Haven Hypothesis, businesses will want to avoid the costs of strict…
Q: what is ecomics?
A: Economics is a social science that studies production, distribution, and consumption of goods and…
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: 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 is negative externalities?
A: A loss or gain which is incurred on a third person that does not intend to bear a certain expense or…
Q: Explain what is meant by ‘The Tragedy of the Commons’. What are its implications and what policies…
A: Tragedy of commons is a problem associated with common goods. These goods are non-excludable but are…
Q: Which of the following is an example of a public good? a delivery truck national defence O milk a…
A: Public good refers to a good which is non excludable and non rival.
Q: Why is open access fishing a problem from both an economic and environmental perspective? What…
A: Open access fishing : When fishing is open to all and there are no limitation on fishing then is is…
Q: Is environmental pollution a failure of the free market system?
A: Yes, environmental pollution is an outcome of free market system failure.
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: what is the potential opportunity cost of the Federal government unsing tax revenue to purchase…
A: Opportunity cost: - opportunity cost is a forgone benefit which we could have earned by applying all…
Q: Note : please don't copy from other sources Which of the following is an example of market…
A: Public goods create market failure because a country cannot define the tax that each individual…
Q: Is zero pollution an optimal goal?
A: An externality is present whenever some economic agents' welfare (utility or profit) is directly…
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: The figure shows a national marketable permit system for carbon dioxide. If marginal abatement costs…
A: Permit Fees/Price implies the license, building review, designing, and arranging expenses paid via…
Q: Economists describe human-induced climate change as an ‘externality’ What does this mean and how is…
A: An externality can be either positive or negative. If due to some action the people benefitted from…
Q: Is zero pollution an optimal goal? Why or why not?
A: An optimal goal is one that provides a positive outcome or a goal is said to be optimal when the…
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: How the market forces (Demand and Supply) are applicable for environmental science?
A: We are going to use a few economics concepts in a context of environmental science to answer this…
Q: Many restaurants have chosen not to serve shark fin soup, while many others continue to serve it.…
A: Shark finning, the barbaric practice of sawing the fins off live sharks to make a gourmet soup,…
Q: Which of the following is the best example of a public good? Group of answer choices AT&T mobile…
A: A Public good refers to a good that is both non-excludable and non-rivalrous. For such goods,…
Q: How much is produced by the firms in the competitive What is the socially best level of production?
A: MCp = dCp/dQ = 300 + 20Q In competitive equilibrium, p = MCp. 1500 - 10Q = 300 + 20Q 30Q = 1200 Q =…
Q: What makes ecological agriculture an interesting topic?
A: As economies and societies developed, the study of economics got more complicated. Hence, as a…
Q: is a situation in which a market left on its own fails to allocate resources .efficiently A. Market…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: How does the external cost affect the supply and demand of market goods in terms of price and…
A: External cost is the cost incurred as externality cost upon the consumption or production. For…
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…
Q: Examples of element in the external environment
A: An external environment is made up of all the outside forces or pressures that affect how a company…
Q: Define social benefit.
A: In economics, there is a concept of social benefit and private benefit. Private benefit is the…
Q: What is the “tragedy of the commons”? What are two ways to avoid it?
A: The markets refer to the place where the buyers, and sellers interact. In the markets, the buyers…
Q: What is an ecological footprint? Describe how natural capital is similar to a bank account.
A: NOTE: We'll answer the first question since the exact one wasn't specified. Please submit a new…
Q: How are public goods different from private goods?
A: Public goods- Public goods (PB) are provided by the government and these are neither excludable nor…
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- Resource book: People and Nature An Introduction to Human Ecological Relations by Emilio F. MoranExplain key ideas of ecological economics.Capitalist development expresses itself in environmental imbalance and ecological disasters' (Koch 2012)Critically discuss and analyse this statement, providing the "pros' and 'cons' and relevant examples.
- 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.A free rider is Group of answer choices A)Someone who consumes a public good but does not pay for it. B)Someone who only purchases resold goods or only uses items they can get for free. C)Someone who gives away items they have purchased. D)Someone who resells items they have purchased.Which of the following best describes the value that the environment provides by acting as a source of inputs for productive activity occurring in the economy? Ecosystem service value Harvest value Amenity value All the above.
- What is a way to determine the value of a forest that remains intact? A. The number of people who visit this forest. B. How much money people would pay to protect this forest. C. The amount of money that people spend to purchase gear for camping in this forest. D. How long it takes for people to reach the forest by different modes of transportation. E. A and B. F. All of the above.See attached for environmental economics question part twoA lighthouse, or terrestrial television, are considered to be examples of public goods (or services) because: a) They are most often provided through a publicly funded service. b) The service is available to all, and use does not restrict the ability to other users to enjoy the service. c) Users can free ride, enjoying the service without making any payment for it. d) The service is considered to have value to the whole of society, and not just to its users.
- Which of the following is the best example of a public good? Group of answer choices AT&T mobile phone service Yosemite National Park Google Maps the post officeMany restaurants have chosen not to serve shark fin soup, while many others continue to serve it. What are the possible reasons behind each of these decisions. Is there a way to balance human wants with economic and environmental impacts? Explain your reasoning.Describe aspects of environmental economics and ecological economics