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Q. 1. Assume that you are to estimate the costs of either:
A project proposal to construct a dam in your local area for hydroelectric power generation.
A policy to regulate emissions from Sport Utility Vehicles.
A policy to ban offshore drilling in the Gulf of Mexico.
There are several environmental implications involved. Identify as many of the costs of these proposed policies or projects as you can. Classify the costs as either explicit or implicit costs.What cost estimation technique would you use to estimate the costs identified? Which costs would be difficult to estimate?
2. Select a local, regional or national environmental problem. Explain the steps that would be used to conduct a Benefit-Cost Analysis of a government policy to alleviate the problem. How would you go about identifying the potential costs of the policy initiative, the Economic Costs (explicit and implicit), the social costs, which estimation method would work best for estimating explicit costs? How do you deal with time differences that result for costs and benefits? What types of time-oriented modifications are necessary? Comment on the objectivity of benefit-cost analysis? What are some issues involved in using this method of analysis? What are its limitations?
Explain why capital flows cause imbalances in the current account. Post to the discussion board your 200 word answer focusing on selecting and organizing your most relevant comments in a coherent fashion.
Why do you think motorcycle makers did not adopt voluntary emissions standards? Should they have done so? Why or why not?
Make a prediction regarding opportunities and challenges that an increase in diversity may present in the United States in the next 50 years. Elucidate the reasons for your speculations.
Explicate why one of them brings positive effects to the economy also the other negative effects.
Assume Microsoft chooses to produce 80 million copies of the software per year and sells copies of the software to retailers at $199 per copy.
You only buy apples and bananas. Your budget is such that you can purchase 3 apples and 4 bananas or 9 apples and 2 bananas. Write the equation for the budget line with bananas on the y-axis. Is that equation unique.
What would you do if patent law prevented your rival from cloning your product.
What is the probability that a sample of 100 units contains a. Five or more defective units? b. Ten or fewer defective units? c. Eleven or less defective units?
At what value of X will Q be at its maximum. Illustrate at what value of X will Diminishing Returns set in.
Absolute and comparative advantage: Explain how these concepts describe the benefits and costs of international trade.
Which of the subsequent statements would best describe the UK's population at present?
q1. the number of taxicabs in motorville and the taxicab fares are regulated. the fare currently charged is 5 a ride.
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