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Global warming is related to the concentration of greenhouse gases in the atmosphere. Once in the atmosphere, gases remain there for long periods of time (centuries). Greenhouse gases include carbon dioxide and methane.
a. Assume the effect on global warming of a given amount of carbon dioxide is four times that of methane. What should be the relative fine (tax) on emissions of the two gases?
b. How should the tax vary over time?
c. A carbon tax is a tax related to the amount of carbon dioxide that burning gas, oil or coal adds to the atmosphere. With a carbon tax, coal is taxed very heavily (relative to the amount of energy put out) and natural gas relatively lightly. A BTU (British thermal unit) tax is a tax related to the amount of energy produced, for instance, by burning gas, oil, or coal. If one is concerned about greenhouse gas warming, why is a carbon tax preferable to a BTU tax?
For several years, Albert acted as a collection agent for Paulette. Recently, Paulette revoked Albert’s authority to collect payments from customers. However, neither Paulette nor Albert told any customers of Albert’s termination. Yesterday, Theresa,..
Demographers use population-level data and tools such as rates and life tables to describe, explain, and interpret population trends. Write an essay assessing the strengths and limitations of demographic methods for understanding the social world.
Banks attempt to screen out the good credit risks from the bad credit risks to reduce the incidence of loan defaults. To do this, banks do all of the following except:
If the demand for housing falls, reducing planned investment by $75 billion, what is the effect on national income and output (GDP) (the consumption function is c = 50 + 0.7 (yd))
Research the following topic and post a short (250-word) response to the discussion board: Access the website for the Consumer Product Safety Commission (CPSC) and review the functions and responsibilities of the CPSC.
We measure economic growth by the percentage change in real GDP. In general terms outline the course of the U.S. output growth rate in recent decades, both in terms of its trend and its changes around trend. Pay particular attention to the stability ..
The book discusses the Efficient Market Hypothesis (EMH) and its three forms. The EMH has a lot to do with information and stock prices. How does information get into prices? How do we know if prices reflect all available information?
Describe the types of economic development programs that are being conducted in your community. Analyze the actors involved in the economic development programs.
Why did the researchers choose to conduct a cross-sectional study (instead of an analytical study) to investigate female anabolic steroid use (refer to page 69 in your textbook)? Make sure to describe the data collected and an explanation of the r..
One of the major problems associated with MNCs is a decline in corporate tax revenue of advanced countries since the 1990s. What should host and home countries do to solve this problem?
A perfectly competitive painted necktie industry has a large number of potential entrants. Each firm has an identical cost structure such that long-run average cost is minimized at an output of 20 units (qi = 20). What is the industry's long-run supp..
Which of the following is not a concern about nudge policies?
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