--%>

Should third World limit pollution

‘In developing countries there are some controls on aspects of pollution like exhaust fumes. How would you evaluate whether these countries, from their point of view, must invoke legislation to enhance the atmosphere in these respects?’

E

Expert

Verified

It relates welfare economics to this significant question which frequently gains media attention. This considers the opportunity cost of these controls.

   Related Questions in Microeconomics

  • Q : Monopolistic Exploitation dilemma In

    In equilibrium for the price maker firm, the rate of monopolistic exploitation is the difference between: (p) P and MR. (q) P and MC. (iii) Total revenue and net cost per unit of output. (r) Output price and rate of monopsonistic exploitation. (s) VMP and MRP.

  • Q : Define linear consumption function

    Linear consumption function: It is a consumption function that is given on the basis of steady marginal propensity to consume. C = c + bY Here c = aut

  • Q : Relationship between MPS and multiplier

    Relationship between MPS and multiplier:K=1/1-MPC = 1/MPS or inverse relationship between MPS and the size of multiplier.

  • Q : Hicks Model of Collective Bargaining I

    I have a problem in economics on Hicks Model of Collective Bargaining. Please help me in the following question. The period of union strikes and the equilibrium wage rate at conclusion of a strike are the focus of: (i) Taft-Hartley Act of 1948. (ii) B

  • Q : Jeremy Bentham utilitarianism Possible

    Possible utilization of a ‘felicific calculation’ to recognize punishments for the crimes was derived from: (1) Medieval scholasticism. (2) Say’s Law. (3) Gresham’s Law. (4) Marshall’s Maxim. (5) Jeremy Bentham&r

  • Q : Maximize profit by marginal revenue and

    Prohibition Corporation’s very famous St. Valentine’s Day software is going within version 6. The very first point Prohibition requires to classify in its quest to maximize profit is the: (1) point e. (2) point f. (3) point g. (4) point h.

  • Q : State Statutory liquidity ratio or SLR

    State SLR (or Statutory liquidity ratio): It is the ratio of net or total demand and time deposits of commercial bank that, it has to keep in the form of specified liquid assets.

  • Q : Transactions increment and moves in

    Transactions increase and demand prices move below supply prices while a good turns into: (w) subsidized by the government. (x) subject to a high sales tax. (y) more technologically advanced. (z) a complementary by pr

  • Q : Determine income elasticity of demand

    This given figure as in below demonstrates how the consumption of goods A, B, C and D differs as a family’s income changes. There income elasticity of demand equivalents 1 for: (w) good A. (x) good B  (y) good C. (z) good D

  • Q : Acquire substantial human capital by

    Since philosophers are hardworking and intelligent individuals who should acquire substantial human capital and advanced degrees to work like philosophers, in that case the shaded area B represents: (1) pure profit. (2) consumer surplus. (3) interest