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The greenhouse gas emission is estimated to grow in the medium and long term. In order to minimize the negative effects of global climate change, it is required to stabilize the concentration of greenhouse gases in the atmosphere through prompt and substantial cut in greenhouse gas emissions. For this end, it is indispensable that every major emitter sets some legally binding target for cuts in greenhouse gas emissions. Developed countries, which have achieved economic growth through emitting large amounts of greenhouse gas, must be responsible to take the initiative in reducing emissions. Moreover, it is important that developing countries, whose greenhouse gas emissions are predicted to eclipse those in the developed countries soon, participate and reduce the growth of greenhouse gas emissions.
Under such circumstances, some countries seek to adopt a new and comprehensive legal document that establishes a fair and effective international framework in which all major economies participate. They argue that, besides the controversial issues of equity, equal footing, and burden sharing, any programs without some major emitters are less effective and can even ruin the cuts achieved by the participants.
Explain how a non-broad-based framework is less effective in combating global climate change.
Using the relationship among the price of a visit to a physiotherapist and the quantity of visits demanded, explain and distinguish between the direction, the slope, and the positi
what are the limitation of managerial economics and what is the solution of it?
monopoly
The computer graphics chip industry is one with a little number of competitors that earn normal economic profit. Two chip manufacturers, NVIDIA and ATI both face the prospect of lo
Suppose that the price elasticity of demand for cereal is -0.75 and the cross-price elasticity of demand between cereal and the price of milk is -0.9. If the price of milk rises by
what is traditional theory of cost/explain with suitable diagram
How does economic theory contribute to managerial decisions?
KEYNESIAN VIEW ON UNEMPLOYMENT Keynes in his General Theory presented a view that fluctuations in aggregate demand (AD) influences the equilibrium level of output. Thus
Explain how a product would reach equilibrium position with the help of -iso-quants and iso-cost curve.
Interest rates Decreasing the rate of interest may not encourage investment but increasing the interest rate tends to lock up liquidity in the financial system.
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