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Question 1:
? deduce the causal factors behind technological developments in different cultures and during different periods of human history
? assess the basis of common criticisms of modern technology.
Using clear arguments supported by technological examples, explain whether or not you agree with the statement below, and why you have selected your position.
"Technological advances have improved living standards for many people but have exacted a high price from the physical environment."
Question 2
? apply the principles of environmental impact assessment.
Discuss and evaluate the process that you would use to assess the environmental impact of the development of a new suburban residential development in an environmentally sensitive area.
what is externalities and market inefficiency
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Clearly explain the distinction between supply, demand and equilibrium price.
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THEORY OF CONSUMER SURPLUS: We discuss the basic concept of consumer surplus and its derivation. A consumer normally pays less for a commodity than the maximum amount that she
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