Ecological economics emphasizes that: the economy is supported by unpaid care labor, which is mostly done by women the ecosystem easily transforms economic waste into valuable economic inputs increasing economic output imposes significant costs by using up natural resources pact of the economy we must decrease population to decrease the environmental
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- A nation with fixed quantities of resources is able toproduce any of the following combinations of carpet andcarpet looms:Yards of carpet(Millions)Carpet looms(Thousands)0 4512 4224 3636 2748 1560 0These figures assume that a certain number of previouslyproduced looms are available in the current period forproducing carpet.a. Using the data in the table, graph the ppf (with carpet onthe vertical axis).b. Does the principle of “increasing opportunity cost” holdin this nation? Explain briefly. (Hint: What happens tothe opportunity cost of carpet—measured in number oflooms—as carpet production increases?)c. If this country chooses to produce both carpet and looms,what will happen to the ppf over time? Why?Now suppose that a new technology is discovered thatallows an additional 50 percent of yards of carpet to beproduced by each existing loom.d. Illustrate (on your original graph) the effect of this newtechnology on the ppf.e. Suppose that before the new technology is introduced, thenation…Some economists claim that grinding poverty and impatience impel people to strive for immediate gain, forgetting long-term environmental sustainability. You are an Environmental Economist in the Ministry of the Environment and Beautification in your local country, and you are tasked with holding a team meeting and the Chief Economist has given the following guidelines:C. indicates what approaches government / society can take to spur poor people to behave responsibly toward the environmentD add in a diagram of Kuznet curve and any diagram that shows relation to the statement and topicIs the environment an economic asset? Is the environment a social asset? Explain. Thank you.
- please help me with the questions below: Explain why it is difficult to estimate the value people place on environmental goods, thebenefits they receive from cleaner air and other services of nature. How might you calculate WTP or MWTP for an environmental good? Distinguish between use and non-use value.What makes climate change an economic problem? And if it is, how should policy dealwith it?Your answer should include reference to at least three of the following aspects of theproblem:a) Climate change as an externalityb) A carbon tax vs. cap and tradec) Cost-benefit analysisd) Assessing costs to future generationse) Environmental dynamicsAlberta owns a nature preserve next to a coal mine. The mine produces dust that enters a stream on its land, which later flows through Alberta's land. The dust in the stream does about $20,000 of damage to Alberta's plants per year. The mine can clean up the dust before it reaches the stream for about $12,000 per year. Alberta offers them $15,000 per year to clean up the dust. What economic idea does this scenario exemplify and why?
- Some companies use this as an umbrella term to encompass all CSR efforts that make business more sustainable in the long term, including environmental efforts: O bottom-line O ethics O philanthropic O sustainabilityIn environmental economics: Suppose that society wants to reduce the quantity of discharged residuals into the natural environment, what are 3 ways to do so? What are some obstacles that could be associated with each one?What is a scenario that demonstrates the concepts of scarcity, choice, and opportunity cost in the utilization of economic resources.
- QUESTION 3 This image displays the production possibility frontier (PPF) for a country's choices between economic output and environmental protection. If the Country chooses Point M, what can you interpret about this choice? The Tradeoff between Economic Output and Environmental Protection Economic Output Select the correct answer below: a M R Environmental Protection S T This choice represents a high level of economic output but very little environmental protection. This choice is productively inefficient. This choice requires equal amounts of economic output and environmental protection. This choice represents a low level of economic output and a high level of environmental protection.Whenever we think of a resource, say forest, the value that immediately comes to our mind is the utility that we drive directly from the resource, such as timber. However as environmental scientist, we know that a forest has other values other than direct use value of economic value of a resource. Enumerate the types of economic values and discuss the various uses or utility of a protected coral reef area like the Tubbataha reef or protected forest like Mt. Makiling or Mt. Apo (Discuss only one).Table 1: Production Capacity of COVID-FREE LAND. Toilet Rolls Sanitizers 30,000 0 28,000 1,000 24,000 2,000 18,000 3,000 10,000 4,000 0 5,000 Use information in Table 1 above to answer the following questions: Using the above figures, graph the production possibilities Frontier (PPF) of COVI_LAND (Hint! Use Microsoft Excel, for accuracy) In your own words, while making use of the graph that you have created in part a, explain what the PPF is. Cleary state all assumptions and properties of the PPF. Normally, the people of COVID-FREE LAND demand of 3,000 sanitizers and 18,000 toilet rolls. Suddenly, there is outbreak of COVID-19 and the demand for sanitizers and toilet rolls increased to 4,000 and 20,000, respectively. How would COVID-FREE LAND meet its new demand. Identify and comprehensively discuss at least three possibilities or ways. (Hint: State any appropriate assumptions made).