Technology-based water pollution-control standard might not be the most economically efficient or cost-effective way to achieve a given level of reduction in water pollution because this approach would require us to spend more. …
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Technology-based water pollution-control standard might not be the most economically efficient or cost-effective way to achieve a given level of reduction in water pollution because this approach would require us to spend more. There is associated monetary amount linked to this move, and so the most important initiative that we need to take to ward our way off an insurmountable amount of expenses is to encourage the participation of everyone, because it is here where the necessary general control starts. Just like the initiative employed in Wabash Rivers, the governor recently would want the land conservation initiative, as this has potential viewed impact to preserve important natural resource and habitat (Wabash Rivers Initiative). In this initiative, there is a required participation of the majority to have consensus general impact, which means there is a necessary uniform action that everyone should implement, reducing the other relevant potential costs had it been that not everyone is participating. 2. Discuss the different point sources and nonpoint sources for water pollution. Explain why it has been more difficult to reduce the nonpoint sources. Be specific about what types of nonpoint sources are contributors to water pollution. Point source of water pollutions comes from one source such as either a factory or waste water treatment plant, but the nonpoint sources for water pollution come from the accumulation of pollutants from the day-to-day activities of individuals in the society (Point versus Non-Point Source Pollution). A specific type of nonpoint source is from driving a car. This is an activity that goes daily, and it is hard to reduce this one because transportation has become a critical point in the economic development of the society. For example, transportations have become crucial components of the moving transactions from one company to another. Transportation definitely links the trade and commerce industry in order to flourish and obtain the economic advantage they so desire to achieve. People also require transportation in order to complete any related economic activities they have to perform for the day prior to their survival and the achievement of their basic necessities in life. In other words, it is really difficult to eliminate transportation, as a nonpoint pollution source in today’s highly advanced and economically developed society. 3. In the Taking Sides articles, Milton Friedman argued that indeed profits are the only business of business. Explain what that might mean for controlling environmental pollution. Without government regulation, when would you expect firms to engage in activities that help the environment? Give specific examples. Without government regulation, firms will engage in activities that help the environment when things around them could affect their business, as essentially, Milton Friedman has the point of saying that profits are the only business of business. After all, businesses substantially exist because they want to achieve profit in the first place. This profitability may be affected when for instance the companies’ productions may be affected by the lack of raw materials that comes from the environment, as eventually the upshot of on-going pollution. A fish canning factory for instance may go bankrupt or may close business when the supply of fresh raw materials from the ocean deteriorates due to prevailing environmental pollution. Here will be the point when that canning factory will adhere to environmental sustainability and initiate moves or strategies linked to their corporate social responsibility, encouraging the society to take part of their goal to preserve the environment where they get their source of raw materials for their production. 4. Compare the
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The effectiveness of the two policies is derived from the way the combination of both policies affects the aggregate demand in the economy (APE). The monetary policies affects the supply function (ASF), thereby shifting the supply curve towards the right or left.
The demand side of the market comprises of the owner and the renter while the supply side comprises of the developer as well as the renovator. In order to analyze the demand and the supply factors a number of modifications need to be implemented in the microeconomic assumptions.
One of the significant areas of economics especially is macroeconomics which is a branch of economics that deals with the problems of a particular country or economic region comprised of several economic agents acting with their individual economic behaviors and the evaluation of the policies taken by the government of these countries in order to tackle those problems (Adams, 2002, p.
vaccinations against infectious diseases). Briefly suggest how government might intervene to correct this under-provision? 5 (C) The Consumer Price Index (CPI) is the official measure of inflation in the United Kingdom. Why might CPI not be an accurate measure of the costs of living for any given individual consumer?
Macro & Micro economics Introduction This paper presents an analysis of an article named “China economic growth lower than forecast” published on 15 April 2013 by BBC. This report explains that China’s growth rate has been lesser than the growth rate that the country had experienced in last three months of 2012 (in the first quarter of 2013 Chinese economy grew at the rate of 7.7% while it was 7.9% in October-December quarter of 2012).
Macro & Micro economics Introduction China is one of the fastest growing economies in the world. Being the second-largest economy, China has shown tremendous growth in the last three decades. According to the estimate of 2012, China’s GDP is US $12.38 trillion (CIA, 2013).
Macro & Micro economics Introduction The Chinese economy has been growing at a significantly high rate since the last three decades. It is the second-largest economy in the world and is one among the fastest growing economies (Chiang and Standing, 2013). Last year (2012), in the fourth quarter, the Chinese economy grew at the rate of 7.9% (BBC, 2013).
Macro & Micro economics Name of the Student Name of the Professor Course Number Date Macro & Micro economics Doll Production Process There are varieties of dolls that are produced in the modern consumer goods market. Though there are certain machines that help to shape up dolls, the production of dolls is majorly a labor intensive method production that requires more of laborers than capital machinery equipments.
Macro & Micro economics Contents Contents 2 Introduction 3 Causes and Mechanisms of the collapse of the world trade 3 Current Trade Policies in Response to the Global Recessions 7 Policy responses on negative impact on the trade balance were implemented in the UK 8 Effectiveness of the EU trade policies in the long run 9 Conclusion 11 References 12 Introduction The Great Depression was one of the most severe economic downturn that the world faced during the twentieth century in the pre-World War era.
Spillover effect is referred to the decrease in the wages of the non-union company. Generally after any organization increase wages then simultaneous they used to reduce the number of employees to maintain the balance in the profitability.
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