Homework Answers
Historically high-income countries have been; and still are today the main contributors to greenhouse warming with the burning fossil fuels. The people residing in a low-income country, where adequate health care, diet, and education are not sufficient, that they should sacrifice an improved life's quality for a cleaner environment. When high-income countries want low-income countries for the reduction in their emissions of greenhouse gases, then these high-income countries have to contribute some of the costs. In return the high-income countries can avail benefit from positive externalities. This impact is quantifiable in a rise in productivity lost and healthcare costs due to a fall in IQ, among other factors, therefore reducing these effects. On the human health the effects of pollution has a societal economic impact, and the countries with high income avail benefit from the effects caused in reducing them. It will in turn reduce the costs of health care, eventually reducing the costs and a rise in productivity
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Problem 2. Is it possible for high-income countries to benefit from covering much of the cost...
The estimated price elasticity of demand for cigarettes is -0.4 in high- income countries and -0.8...
The estimated price elasticity of demand for cigarettes is -0.4 in high- income countries and -0.8 in lower-income countries. If a country's government raises taxes on cigarettes, the price to consumers goes up. The extra revenue collected from the higher price goes to the government. Would imposing a new tax on cigarettes stop more people from smoking in a high or lower-income country? O The tax would not be very effective at reducing smoking in either country, but it would...
Categorize the reasons dealing with unemployment is different in low and middle income countries than in...
Categorize the reasons dealing with unemployment is different in low and middle income countries than in high income countries Low and middle income countries High income countries A large proportions of jobs tend to be short term Industries are more capital than labor intensive Workers do not always work for money Labor laws discourage hiring and make firing very difficult Answer Bank The connection between the workers and government infrastructure allows workers to fully benefit from welfare programs.
The World Bank classifies countries as being low-income, middle-income, or high-income. 1. explain the low income,...
The World Bank classifies countries as being low-income, middle-income, or high-income. 1. explain the low income, middle income and high income 2. explain why More than 80% of the world’s people live in low- and middle-income countries.
QUESTION 2 Which of the following statements is most accurate? High income countries spend slightly more...
QUESTION 2 Which of the following statements is most accurate? High income countries spend slightly more on subsidies to thelir own farmers as they do on ald to poor countries High income countries spend much more on subsidies to their own famers than on aid to poor countries O High Income countries spend much les on subsidies to their own farmers as they do on aid to poor countrien High income countries spend about the same amount on subsidies to...
What factors explain why many low-income countries are not catching up with high-income countries? Question 23...
What factors explain why many low-income countries are not catching up with high-income countries? Question 23 options: Failure to enforce the rule of law. Private property rights. Wars and revolutions. Poor education and health systems. Low rates of saving and investment. An independent court system. Central banks. The incentive to make money.
Assume that a firm has the following marginal benefit of pollution (denoted E for emissions, measured...
Assume that a firm has the following marginal benefit of pollution (denoted E for emissions, measured in tons): MB=150-5E Q: How much would this firm pollute if pollution is unregulated? The government would like to reduce pollution from this amount by 12 tons and so implements a quantity constraint at the quantity in part (a) minus 12. What is the cost to this firm of reducing pollution by 12 tons? What tax would encourage this polluter to reduce pollution by...
Joulutet 3. Assume that a firm has the following marginal benefit of pollution (denoted E for...
Joulutet 3. Assume that a firm has the following marginal benefit of pollution (denoted E for emissions, measured in tons): MB=150-5 E e. Now assume that instead the government allocates each firm permits to pollute equal to the total current pollution minus 12 tons, but allows the firms to trade. Which firm will purchase permits and which firm will sell permits? Hint: Notice that total pollution reduction of firm 1 plus firm 2 will be 24 tons. f. How much...
Text questions By some water there are two factories, A and B, that pollute. The cost of reducing pollution at factory...
Text questions By some water there are two factories, A and B, that pollute. The cost of reducing pollution at factory A is higher than at factory B, but the government does not know what the cost is. The pollution at each factory amounts to 100 tonnes per year. The government wants to reduce pollution by 100 tonnes a year. Which of the following is wrong? Choose one: a. By allocating pollution permits, it is possible to ensure that pollution...
Which of the following statements is TRUE of a cost-benefit analysis of a potential government project?...
Which of the following statements is TRUE of a cost-benefit analysis of a potential government project? a. Neither asset value increases to the property owners nor income increases to the property owners should be counted. b. Future costs and benefits should be discounted to present values before being compared. C. The net increase in jobs in a community is a benefit d. Both asset value increases to the property owners and income increases to the property owners should be counted....
True/False/Uncertain questions from a prior year's final exam. 1. Suppose a welfare program has a benefit guarantee...
True/False/Uncertain questions from a prior year's final exam. 1. Suppose a welfare program has a benefit guarantee of $10,000 and a benefit reduction rate of 50%. True/False/Uncertain: Increasing the benefit reduction rate would increase hours worked of low-wage workers. 2. Consider two countries, X and Y. These two countries have a similar income distribution, but the elasticity of taxable income is greater in X. True/False/Uncertain: Country X should set a higher income tax rate
True/False/Uncertain questions from a prior year's...
The estimated price elasticity of demand for cigarettes is -0.4 in high- income countries and -0.8 in lower-income countries. If a country's government raises taxes on cigarettes, the price to consumers goes up. The extra revenue collected from the higher price goes to the government. Would imposing a new tax on cigarettes stop more people from smoking in a high or lower-income country? O The tax would not be very effective at reducing smoking in either country, but it would...
Categorize the reasons dealing with unemployment is different in low and middle income countries than in high income countries Low and middle income countries High income countries A large proportions of jobs tend to be short term Industries are more capital than labor intensive Workers do not always work for money Labor laws discourage hiring and make firing very difficult Answer Bank The connection between the workers and government infrastructure allows workers to fully benefit from welfare programs.
QUESTION 2 Which of the following statements is most accurate? High income countries spend slightly more on subsidies to thelir own farmers as they do on ald to poor countries High income countries spend much more on subsidies to their own famers than on aid to poor countries O High Income countries spend much les on subsidies to their own farmers as they do on aid to poor countrien High income countries spend about the same amount on subsidies to...
Joulutet 3. Assume that a firm has the following marginal benefit of pollution (denoted E for emissions, measured in tons): MB=150-5 E e. Now assume that instead the government allocates each firm permits to pollute equal to the total current pollution minus 12 tons, but allows the firms to trade. Which firm will purchase permits and which firm will sell permits? Hint: Notice that total pollution reduction of firm 1 plus firm 2 will be 24 tons. f. How much...
Text questions By some water there are two factories, A and B, that pollute. The cost of reducing pollution at factory A is higher than at factory B, but the government does not know what the cost is. The pollution at each factory amounts to 100 tonnes per year. The government wants to reduce pollution by 100 tonnes a year. Which of the following is wrong? Choose one: a. By allocating pollution permits, it is possible to ensure that pollution...
Which of the following statements is TRUE of a cost-benefit analysis of a potential government project? a. Neither asset value increases to the property owners nor income increases to the property owners should be counted. b. Future costs and benefits should be discounted to present values before being compared. C. The net increase in jobs in a community is a benefit d. Both asset value increases to the property owners and income increases to the property owners should be counted....
True/False/Uncertain questions from a prior year's final exam. 1. Suppose a welfare program has a benefit guarantee of $10,000 and a benefit reduction rate of 50%. True/False/Uncertain: Increasing the benefit reduction rate would increase hours worked of low-wage workers. 2. Consider two countries, X and Y. These two countries have a similar income distribution, but the elasticity of taxable income is greater in X. True/False/Uncertain: Country X should set a higher income tax rate
True/False/Uncertain questions from a prior year's...
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