Should third World limit pollution
‘In developing countries there are some controls on aspects of pollution like exhaust fumes. How would you evaluate whether these countries, from their point of view, must invoke legislation to enhance the atmosphere in these respects?’
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It relates welfare economics to this significant question which frequently gains media attention. This considers the opportunity cost of these controls.
Government banks function: The central bank conducts the banking account of the government departments. This performs similar banking functions for the government as commercial bank executes for its customers. This accepts their deposits and undertake
Graduate Level Problem Set. First question is in relation to the article the Population Problem: Theory and Evidence by Partha Dasgupta.
The rate of return for an asset which costs $1,500 today and pays $1,800 a year from now is: (1) 5 percent. (2) 10 percent. (3) 15 percent. (4) 17.5 percent. (5) 20 percent. Please choose the right answer from abov
Buyers' demand prices would be ____ and sellers' supply prices would be ____ when the U.S. restricted car imports to Q1. (w) P2 and P1. (x) P0 and P2. (y) P0 and P
The proportion of older or disabled Americans suffering throughout severe poverty has been most sharply decreased due to such programs as: (w) Social Security and Medicare. (x) negative income taxes. (y) food stamps and subsidized housing. (z) the Emp
Define aggregate supply: Aggregate supply is the money value of net or total supply of services and goods available for purchase by an economy throughout a given period.
for a purely-competitive decreasing-cost industry in a short run equilibrium in that typical firms temporarily produce economic profits, and the average total costs a typical firm incurs are positively associated to t
The firm is vertically integrated when it: (1) Consists of an internationally recognized brand name. (2) Promotes career staffs to executive positions rather than hiring the experienced outsiders. (3) Merges with another firm which sells unrelated products. (4) Monopo
Marginal rate of transformation: This is the amount of one good which should be given to generate one additional unit of a second good. This is also termed as marginal opportunity cost.
Raises in real income that causes the demands for: (i) inferior goods to shift upward and to the left. (ii) normal goods to shift upward and to the right. (iii) substitute goods to shift upward and to the right. (iv) complementary goods to decline mor
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