Reference no: EM131162039
In the 1970's a popular governmental policy designed to reduce the negative externalities associated with air pollution was regulation. Governmental policy eventually evolved to "cap-and-trade." Using the economic analysis discussed in class (including graphs) describe how regulation works, explain how cap-and-trade works, and discuss whether and how cap-and-trade policies improve (from an economic perspective) upon regulation.
Describe, in words (no graphs), the First Theorem of Welfare Economics.
Suppose that there is a negative externality in the market for trout in Colorado. Letting Q represent pounds of trout, explain (using graphs and words) why government intervention in the market for trout may be appropriate.
Suppose that all trout are found in one (big) lake and that someone purchases the lake. So, they own the lake. Might government intervention be appropriate in this case? Explain your answer.
Recent debate about reducing carbon emissions has focused on the relative benefits of (a) a carbon cap-and-trade (permit) system and (b) a carbon tax (i.e., a tax on emissions of carbon).
(A) Using what we have learned in class, explain the economic logic underlying (a) and that underlying (b).
(B) From an economic efficiency perspective, is either policy (a) or policy (b) preferred? Of course, explain your answer.
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Centralized database system for the system
: Centralized database system for the system to easily handle all of the information and availability of the system at all times and from all the places to make sure that the system developed is of complete utility for the users.
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Violet region of the visible spectrum
: Find the wavelength of light given that, the light has a frequency of 12.14 x 1014 Hz and lies in the violet region of the visible spectrum. Leave your answer in nm units.
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Behavioral economists suggest that brand-loyalty
: Behavioral economists suggest that brand-loyalty, which can be a source of monopoly power for the producer, may be explained by consumers' tendency to have the:
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How does the character grow as a person
: Discuss how the character's actions affect other characters and the overall plot. How does the character grow as a person? What, if anything, can we learn from him or her?
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Describe the first theorem of welfare economics
: Suppose that there is a negative externality in the market for trout in Colorado. Letting Q represent pounds of trout, explain (using graphs and words) why government intervention in the market for trout may be appropriate.
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Question regarding the gravitational potential energy
: How must the dine tic energy of an orbiting object be related to its gravitational potential energy in order for the orbit to be bound? a.) The absolute value of the kinetic energy must be greater than the absolute value of the potential energy
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Can we prove that the world we are experiencing is real
: Compare and contrast The Matrix with the readings from Plato and Descartes. What are some similarities and differences? Can we prove that the world we are experiencing is real? How do we know we are not dreaming, living in a Platonic cave, or ..
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Considering the circular flow model
: Considering the circular flow model (for a four sector economy), if leakages exceed injections at some income level, we can know that the level of aggregate demand also must exceed the level of aggregate supply we can know that the system cannot be i..
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Develop an outline for a training session for managers
: Develop an outline for a training session for managers about diversity management in your scenario organisation.
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