For many costs and benefits associated with government projects/actions, there are no market U.S. government (or the State of Arizona) value the Grand Canyon, one of the wonders of the world?
The Grand Canyon is a mile-long gorge in northern Arizona. Scientists estimate that the canyon may have been formed 5 to 6 million years ago when the Colorado River began to cut a canal through layers of rock. Humans have been living in and around the canyon since the last Ice Age. The first Europeans to reach the Grand Canyon were Spanish explorers in the 1540's. President Benjamin Harris first protected the Grand Canyon as a forest reserve in 1893 and became an official United States National Park in 1919.
The Grand Canyon region is home to some of the highest grade uranium ore in the United States, which has made it a focal point for mining interests in the past. The Grand Canyon is also an important cultural and environmental resource where substantial scientific questions about the extent and severity of the risks posed by uranium mining remain unanswered. To the east of Grand Canyon National Park, hundreds of abandoned uranium mines still litter the Navajo Nation, contaminating land and water. Across the Colorado Plateau, uranium mining and milling have left a toxic and costly legacy.
Uranium mining around the Grand Canyon has no economic, cultural or ecological significance. Uranium deposits are common throughout the world, and the Grand Canyon is home to only 0.29% of all known U.S. reserves. Attempts to make domestic uranium mining critical to U.S. economic and national security are misleading and aimed at increasing demand and boosting the bottom line of uranium companies. Given the significant environmental, cultural and economic risks, the ban on mining in the Grand Canyon should remain in place and the uranium next to the Grand Canyon should remain on the ground.
For many costs and benefits associated with government projects/actions, there are no market U.S. government (or...
7. The benefits and costs of homeownership What Are The Benefits and Costs Associated with Homeownership? Purchasing a home is an investment. It should be made with the same knowledge, objectivity, and deliberation that you would apply to the purcha: of stocks, bonds, or life insurance policies. Knowledge of the general costs and benefits associated with owning a home is necessary to make an informed investment decision. What are the benefits associated with homeownership? Owning a home offers physical and...
Analyze new fiscal policy actions undertaken by the U.S. government throughout 2000 - 2010 by describing their intended effects, using macroeconomic principles to explain the actions. This rubric element wants you to examine what the fiscal policy initiatives were going forward, to respond to the changing economic landscape. You should specifically state what the intent of the actions were - for instance, it could be to decrease unemployment. Then, use our macroeconomic principles and models (like the AD-AS model or...
The government intervenes in the free market in many different ways. For example, regulators may use price controls, impose taxes on consumers as well as on producers and give subsidies to producers. 1) What would be the intended outcome in the market by each of the above government actions? 2) Give a real-world example of how government intervention in the free market affects the demand for or supply of a product or service you use or a product or service...
Which of these actions can the U.S. government take in order to slow down a demand-pulled inflation? Select one: a. Raise government spending on education b. Raise minimum wage c. Print more money d. Raise corporate taxes e. Lower interest rates
Consider the following costs and benefits associated with two treatments, A and B. Costs and benefits are in dollars Costs Treatment Yr 1 Yr2 Yr3 A 100 700 400 B 400 300 200 Benefits Treatment Yr 1 Yr2 Yr3 A 300 400 900 B 500 600 100 A. Assuming a discount rate of 5% and no discounting applied in Yr 1, calculate the present value of net benefits for each treatment. Ans. B. If the treatments are stopped after Yr 2, which...
13. The benefits and costs in millions of dollars of two restoration projects are as follows: Benefits Year 0 50 30 100 Year 1 50 30 50 Year 2 50 30 Costs Benefits Year 3 50 30 125 15 25 Costs 50 40 15 a. Using a discount rate of 5% compute the net present value of each of the two alternatives. Explain your results.
The Malcolm Baldrige National Quality Award was created by the U.S. government to: A) Reduce costs associated with production of goods. B) Encourage companies to rely more heavily on U.S. Supplies C) Essentially be competitive in the global marketplace D) Encourage companies to improve quality
The figure on the right shows the costs and benefits associated with the production of wood pulp. With regulation that achieves an efficient outcome, the market produces ____ tons of wood pulp at a price of ____ per ton. A. 5; $1,100 B. 3; $800 C. 3; $700 D. 5; $700 E. 4; $800 Price (dollars per ton) The figure on the right shows the costs and benefits associated with the production of wood pulp. With regulation that achieves an...
Treating Malnutrition - Costs and Benefits Malnutrition is a world-wide problem and a direct contributor to many diseases. For this discussion, choose a country and discuss the following: The major benefits of providing adequate nutrition to its citizens. The most important costs associated with addressing the problem in your chosen country; for example, logistics, food, medicine, delivery, personnel, and education.
Considering coercive and market power and the restraints on government abuse of power, are U.S. governments (state, local and federal) likely to take a role that is too small, just about right or too large in our free market economy? Please provide evidence to support your position.