Discuss the role of individuals and governments in committing environmental damage.
What will be an ideal response?
Private individuals and government are major contributors to environmental damage.
Individual car owners are responsible for much of the air pollution in cities. Wood-burning stoves and fireplaces are a source of particulate pollution (smoke). Wastes from flush toilets and residential washing machines also cause significant harm.
Governments, too, add to the problem. Municipal treatment plant wastes are a major source of water pollution. Military aircraft expel exhaust fumes and cause noise pollution. Obsolete atomic materials and by-products associated with chemical and nuclear weapons are among the most dangerous of all wastes. Governments have also constructed giant dams and reservoirs that flooded farmlands and destroyed canyons.
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A trade policy that protects domestic producers from certain actions taken by foreign governments or firms is
A) illegal under WTO rules. B) called a contingent protection policy. C) considered a beggar-thy-neighbor policy. D) intended to protect domestic consumers.
In the short run, if a firm's total product is increasing: a. its marginal product must be increasing
b. its marginal product must be positive. c. its marginal product could be increasing or decreasing. d. both b. and c. are true.
The slope of a consumer's budget constraint is equal to: a. the consumer's income in the previous period divided by his income in the current period. b. the price of one good divided by the price of the other good
c. the ratio of the marginal utilities from two consecutive units consumed of a good. d. the price of one good divided by the present income of the consumer.
If suppliers of garbage collection services charged the full costs of providing the service, the supply curve would
A. change to a positive slope. B. change to a negative slope. C. shift to the left. D. shift to the right.