Reference no: EM131435614
Discussion Problem: Economic Reasoning
Must post first.
Participate in a discussion with your classmates regarding economic reasoning in government policies. Recall that economic reasoning is based on the premise that everything has a cost, thus, economic reasoning involves research and analysis in making decisions on the basis of costs and benefits. Post your discussion explaining your concurrence or nonconcurrence regarding the sale of allowance market permits that industries exchange with each other, and whether the Obama Administration's 2020 Climate goals are manageable, or whether they may undermine our economic growth.
The research material for this discussion includes the following two articles:
1. Refer to the Real-World Application window titled, "Economics and Market Solutions", on page 94 in the textbook. This article introduces an alternative approach, called cap-and-trade, that achieves a reduction of EPA regulated emissions, but at a lower overall cost. When clicking-on the Internet link in this article, www.epa.gov/airmarkets, open the "Allowance Markets" Tab within the Participants Icon to review the Allowance Markets Overview and Frequently Asked Questions for this program.
2. Refer to our NAU Online Library; after opening the Online Library, select the down-arrow option within the Subject Guides Icon; then select the Business Option, then conduct a Search for the following article: "WRI: Obama Administration Has Tools to Meet Ambitious Greenhouse Gas Emissions Targets." Read the brief Abstract and Full Text in this World Resources Institute (WRI) article, and emphasize the importance of the following statements within the article:
By the WRI's account, under a business-as-usual scenario, the Obama administration's commitment is in jeopardy. The group contended that the power sector's recent greenhouse gas emission reductions, stemming from a sluggish economy and a shift to natural gas, are not projected to continue in the future.
As for what approach that the EPA takes in regulating existing power plants, the WRI underscored that the Clean Air Act affords the agency and states wide latitude, and permits the use of energy efficiency standards, renewable energy, as well as demand-response, fuel-switching and trading programs.
The WRI asserted that the costs of such regulations will be manageable, an assessment at odds with industry groups that suggest the programs could seriously undermine economic growth at a time when the nation can least afford it.
"It's clear that the longer the U.S. waits, the harder -- and more expensive -- it will be. The administration has the tools. We look forward to seeing what steps they take to shift the country to a low-carbon pathway," Steer said in a statement.
|
Discuss the incorporate assumptions underlying the theory
: Write a report on the chosen theorist/theory that includes the following:Introduction: Identify the theorist and rationale for the selection.Describe the theorist (short biography and major influences on the theorist).Indicate the category under whic..
|
|
Describe a practical problem that emerges from the evidence
: Write a paper (250 to 500 words) that describes a practical problem that emerges from the evidence in the extant literature or professional practice. The paper should do the following:Clearly describe the problem. Provide a rationale for the signi..
|
|
What do we mean by the term expected value
: 1. What do we mean by the term "Expected Value"? Please give an example. 2. Can an expected value have decimal points? Do we need to always round the expected values to the nearest integer?
|
|
Explain your concurrence or nonconcurrence regarding sale
: Post your discussion explaining your concurrence or nonconcurrence regarding the sale of allowance market permits that industries exchange with each other.
|
|
How use minitab descriptive statistics for data analysis
: How could you use Minitab descriptive statistics for data analysis research? Write about your experience running descriptive statistics. Use the results in the Session Window to support your response
|
|
What do we mean by the term expected value
: 1. What do we mean by the term "Expected Value"? Please give an example. 2. Can an expected value have decimal points? Do we need to always round the expected values to the nearest integer?
|
|
Compute net present value of profits earned by fossil light
: Using a 5 percent discount rate per round, compute the net present value of profits (i.e. revenues less operating costs) earned by Fossil Light, again assuming that all firms in this market behave competitively.
|
|
Result of the tougher admission standards
: Is there evidence that the proportion of freshmen who graduated in the bottom third of their high school class in 1997 has been reduced, as a result of the tougher admission standards adopted in 1995, compared to the proportion in 1993? To determi..
|