EBK PRINCIPLES OF MICROECONOMICS
7th Edition
ISBN: 8220101472380
Author: Mankiw
Publisher: CENGAGE L
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Chapter 11, Problem 4CQQ
To determine
Preserve the common resource.
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Which one of these resources is a non-renewable natural resource?
Select one:
a. A Wooden House
b. Gold
c. A Chainsaw
d. Livestock (sheep, cows, etc.)
e. Plastic
A mosquito control program in a city is a
A. private good
B. club good
C. common pool resource good
D. public good
After Nike built a plant in a rural area, it discovered that families were taking their children out of school to work in these plants. Instead of getting an education, these children were put to work which wasn’t Nike’s intent. Which characteristic of environmentally sustainable businesses does this demonstrate?
A.
equity in distribution within the supply chain
B.
alignment of relative industries
C.
limits on the Earth’s resources
D.
interdependence of ecological, social, and economic systems
Chapter 11 Solutions
EBK PRINCIPLES OF MICROECONOMICS
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- 1) Identify a concept on your own from Douglas North and explain it in your own words. You need to CLEARLY identify the source (i.e. name of the book and page, or link of the video and time, or name and link of the website). (one paragraph) 2) How would you use this concept to explain an observation in your life, a historical event, a cultural norm or institution, a local/international problem, create a solution to an environmental issue, or to create a business opportunity? (one paragraph)arrow_forwardDiscuss two ideas on how environmental challenges can create business opportunities use your words Use the editor to format your answerarrow_forwardMatch the good with it's best characterization.If it is a Public good, private good, club good, or open access resource 1. Poke Bowl 2. Clean air 3. Blue fin tuna 4. Private beach 5. Over-crowded public beach 6. Uncrowded public beach 7. Open-source software (liKe Python, R, an Linux) 8. Commercial software (lIke Microsoft Word) 9. Organic, free-range chickenarrow_forward
- 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.arrow_forwardWhich organization was created in 1991 to provide grants for global environment projects? Group of answer choices A. The EPA B. The CIA C. Global environmental facility D. The International Monetary Fundarrow_forwardA sunset view can best be categorized as a: A. private good B. club good C. public good D. open access resourcearrow_forward
- A local, church, temple, synagogue, mosque, etc. Are they public good, private good, private good, club good or common-pool resources?arrow_forwardWhat is a resource that you share with your family or neighbors? Is it being over-consumed? And if not, what is preventing people from over-consuming it?arrow_forwardAn 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.arrow_forward
- Why people consider the use of technological advancement harmful on the environment?arrow_forward1. What is the main objective of the Sustainable Development Goals of the United Nations? 2. What is the standardized unit that measures resource use and waste? 3. What is the standard response to eradicating poverty? 4. What is the threshold of the Earth for adequately sustaining life? 5. According to the majority of people in middle- and high-income countries, what puts the planet and society at risk? 6. How many hectares should each of us consume annually based on the resources available in the planet? 7. What are two indicators of the quality of life given in the article? 8. What crisis in the planet would force us to slow down if we do not do so voluntarily? 9. According to Hickel, what must be done instead of urging poor countries to -catch-up with rich ones? 10. How would the different areas of the world react to the idea of -de-development?arrow_forwardWhat are public and private goods?arrow_forward
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