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Why has it been difficult to produce a single estimate of an environmentally adjusted or "greened" GDP? What are the two approaches that can be used to put a value on environmental assets and services?
Because there is more than one way to put a measure on the value of environmental services. The two approaches to calculate environmental services are the damage cost approach and the maintenance cost approach.
discuss scarcity,choice and opportunity cost
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At a market price of $21 a toy, what quantity does the firm produce in the short run and does the firm make a positive economic profit, a zero economic profit, or an economic loss?
Consider the following information relating to the pulp market. Demand Supply Output(tonnes/ da
A film studio in Hollywood produces movies according to the function q = F(K;L) = (2=100)K^0.5L^0.5 In the short run, capital (studios, gear) is xed at a level of 100. It costs $
a severe restriction occurs to the availability of consumer credit throughout the banking and finance system
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the prevention of major swings in economic activity cn be handled most easily by the financial or government sector?
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