Under what circumstances are renewable resources

Question

1 What additions and what subtractions would environmental economists like to see with regard to GNP figures?

2 Distinguish between the four types of externalities.

3 What unpriced externalities arise from the:

(a) Location of a football stadium?

(b) Building of the channel tunnel?

(c) Development of a lakeside campsite?

4 Under what circumstances are renewable resources exhaustible?

5 What environmental problems arise from open-access resources?

Answer 1

Answer the following questions related to Microeconomics, in a Microsoft paper using Arial Black font by applying the MLA formatting. Question 1: Illustrate what additions and what subtractions would ecological economists like to see with concern to the GNP figures? Question 2: Differentiate between the four kinds of externalities. Question 3: Illustrate what unpriced externalities occur from the: i) Place of a football stadium? ii) Building of the channel tunnel? iii) Growth of the lakeside campsite? Question 4: In what conditions are renewable resources exhaustible? Question 5: What ecological problems occur from open-access resources?