What does economics have to say about global warming

Assignment Help Microeconomics
Reference no: EM13198467

Scientist now believe that global warming is fact, although disagreements continue about the speed with which it is occurring. In broad outline, factories, cars and other sources emit gases into the air that have the effect of warming the entire planet, not just the country where the emissions occur. Global warming, in turn, has implications, most of them negative, for the viability of coastal communities, species extinction and other effects.

The big question is what to do. Under one set of proposals, industrialized countries are asked to reduce their emissions, while poorer countries get a pass. The poorer countries, notably China, generally emit more than factories of comparable scale in the more industrialized countries.

Using concepts used just in Microeconomics(and ignoring any that you might think relevant from Macroeconomics), what does economics have to say about global warming? Is the lesser role for he market and of competition in China(compared to the US or Japan) part of the problem or part of the solution?

Reference no: EM13198467

Questions Cloud

Words defining environmental sustainability : Post a 200- to 300-word response in your own words defining environmental sustainability. Then, list three behaviors of your own that threaten environmental sustainability. How could you change those behaviors to reduce threats to environmental susta..
Monitoring system can only report on activities : How can the Project Manager circumvent the problem that the monitoring system can only report on activities that have passed, thus telling the PM what has already gone wrong but not what will go wrong in the future?
Define guidelines for the ethical standards of research : Compare the guidelines for the ethical standards of research that are published by the American Nurses Association, American Medical Association
What is the probability that there will be a collision : what is the probability that there will be a collision? Round your answer to 4 decimal places. Remember to round all z values to two decimal places.
What does economics have to say about global warming : Using concepts used just in Microeconomics(and ignoring any that you might think relevant from Macroeconomics), what does economics have to say about global warming. Is the lesser role for he market and of competition in China.
What is the probability at least one is hopelessly romantic : About 20% of the population is hopelessly romantic. If two people are randomly selected, what is the probability both are hopelessly romantic? What is the probability at least one is hopelessly romantic?
How far apart are the parallel sides : A trapezium with an area of 168cm squared has parallel sides of lengths 6cm and 18cm.
It is measured eastward in units of time : Polaris is almost at +90 degrees. Stars passing your zenith have a declination equal to your local latitude. Its origin is the celestial equator. It is measured eastward in units of time
Describe the behavior of labor markets : People from the countryside, especially from minority tribes, move to the vibrant cities, earn what they felt they need and return to the countryside, returning more quickly the more they earn per hour.

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain the factors of production

Explain the factors of production and give an example for each one and what is the difference between a normal good and an inferior good? How does this relate to the demand curve

  Comparing the size of economies to the gdp of the us

What specific standard is applied to a firm whose only contact with a forum state is through its Internet site? If you had an eBusiness, what could you do in order to limit your liability to suit in multiple jurisdictions?

  Describing the typical company in the industry

Assume that the book printing industry is competitive and starts in a long-run equilibrium. Make a diagram describing the typical company in the industry.

  Is the market for coffee perfectly competitive

Is the market for coffee perfectly competitive and does the coffee market meet all six conditions of a perfectly competitive market?

  Question about absolute and comparative advantage

Determine which country has absolute advantage in production of tanks and explain why is it this country?

  Determining profit maximizing price and output

You're the marketing manager of a firm that produces Titanium and sells this metal to two distinct kinds of customers: aircraft producers and golf club manufacturers.

  Explain the rationale

Analyze the various exchange-rate systems (floating, managed floating, adjustable pegged, and crawling pegged) and determine which would be most beneficial to the following stakeholders: the U.S. Government

  Equilibrium price-output combination

Office building maintenance plans call for stripping, waxing, and buffing of ceramic floor tiles. This work is often contracted out to office maintenance firms, and both technology and labor requirements are very basic.

  What is the long run effect of monetary policy

What is depreciation of a currency? Appreciation of a currency? What interest rate is the Fed trying to control (target) with open market transactions? How are long term interest rates determined? What is the long run effect of monetary policy? Why d..

  Explain economic growth

Within rich economies, there is strong evidence of convergence ________.for regions within a country.with developing economies. leading to military conflict.

  Multiple choice questions - economics

Assume you run a pizza store and currently have two workers. If you hire a third worker, your output of pizzas per day rises from 55 to 65.

  Derive an equation to find end of year future sum

Derive an equation to find end of year future sum F that is equiv to a series of n beginning-of-year payments B at interest rate i. Then use the equation to determine the future sum F equivalent to six B payments of $100 at 8% interest.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd