Does higher price that is paid in market for organic product

Reference no: EM132503783

Part 1: Pollution and Local Economies

Question 1: Do new polluting facilities affect housing values and income levels in a local economy? Research one new facility that has entered into a market and estimate how housing values and income levels have been affected. In your answer, make sure to evaluate the implications for the stakeholders involved and the incentives of creating the new facility for both the local economy and citizens. Also, make sure to provide the link and the research you have found concerning the polluting facility and the overall impact on the market.

Part 2: Organic Farming

Question 2: Due to the absence of pesticides, organic farms could well be safer for the laborers who harvest the produce than conventional farms. Organic produce could also be safer for consumers of those products. Does the higher price that is paid in the market for organic products justify an efficient outcome? Is the higher price justified in the market for sustainable development? Should the government put new taxes on non-organic farms to foster a safer environment for laborers and consumers?

Reference no: EM132503783

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