Economics Questions
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Pre industrial c02 levels were about 280 PPm. They are now at
The ___ treaty requires participating counties to reduce their emissions of green houses gasses to around 5 % below 1990 levels about 2010
Human production and consumption relies on the environment as a______ of raw materials and as ____ for waste material
Cost effectiveness means achieving ______ standard at the lowest possible cost
The Malthusian population trap shows that as a population grows ____ And the food supply increases only _____available food per person declines, providing a natural check on further population growth
We can measure the benefits of environmental improvement by determining people's maximum ____ for such improvements or by determine peoples minimum ___ compensation in exchange for degradation in environmental quality
The provisions of public goods is a problem for the free market due to the existence of 2 factors 1.__2.__
The "net benefits" of environmental protection means the ___ minus the ___.
Government regulation of pollution is one way of____ externalities
The __ theorem says that if polluter and victim can bargain easily and effectively, private negation should arrive at the efficient outcome regardless of who has the initial right to pollute or prevent pollution
A __ policy is one that actually makes all parties better off
The higher the discount rate, the ___ the value of benefits received in the flute
A situation in which it is impossible to make one person better off without Making anyone else worse off is known as
The provisions of public goods is a problem for the free market due to the existence of two factors 1___2___
The ___ standard says that social welfare does not rise if increases in consumption today, on balance, reduce the well being of future generations below the level enjoyed today
Suppose Adam and Eve live on two sides of the garden of eden, a small suburban development. After they move in, an old PCB dump is discovered in between their houses. If X total tons of PCBS are removed from the dum, the two have a true willingness to pay, to finance a clean up equal to Adams WTP=10-x EVES WTP= 6-xBased on the info above which statement is right
The three categories of values from environmental protection are 1,2,3. And the sum of the three categories equals the ___ of an environmental resource
Suppose pandora is deciding how to dispose of some hazardous waste. She can contain it safely at a cost of 175 or bury it in the local landfill. If she chose the second option, in ten years time the study will have seeped out enough to perm, ruin the vineyard of bacchus who lives next door to the landfill. The vineyard has a value to him in ten years of 450. This is the only damage of the hazardous waste will ever do. Assume there is inflation. What is the present value of 450 in ten years time at a discount rate of 10 percent
Advocates of the __ standard argue that unique resources should be preserved t levels that prevent their irreversible depletion unless the costs of doing so are unacceptable high. With this limit determined by political support for preservation
The provisions of public goods through the free market face problems died to their existence of