Reference no: EM132953297

1) An advocate of environmental protection is proposing that the government focus on subsidizing the use of environmentally friendly technology, as opposed to programs that increase cost to the producers. Briefly explain four different economic arguments in support of this advocates proposal

2) A recent contract between two individuals (jack and tom) specified that Tom would design a sleeveless romper for the summer. completion of the design was time-sensitive. this summer is short and shelves had to be stocked before the summer began in order for the venture to be worthwhile. unique, manufacturers are in constant demand for his services. Shortly before he was scheduled to begin working on the romper, tom informed jack that he would be unable to perform due to a recent offer he could not refuse (meaning the reward was substantially more than jack's).... at this point, Tom is appealing a lower court ruling that allows jack to recover expenses related to the design, before and after the contract between the two was terminated. In essence, Tom is challenging the cope of the expenses.

What are the economic challenges for the judges ruling in this case and cases of a similar nature? please explain, using contracts, efficiency and social welfare as the basis for your position.

3) Regarding the legalization of marijuana; how do you believe arthur Pigou's view would compare to ronalds Coasse's view?

4) Answer the following questioning using concept property and tort. what might be the economic justifications for the state issuing a directive that requires all students to remain at home during the covid-19 pandemic and the state doesn't not compensate parents for any lost income or loss of their freedom?