This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What policy approach would an economist propose to internalize the externalities created by resource ... (Read 151 times)

Caiter2013

  • Hero Member
  • *****
  • Posts: 607
on: Jun 30, 2018
What policy approach would an economist propose to internalize the externalities created by resource use? What is the basis for, and objection to, this type of policy?
 
  What will be an ideal response?

Question 2

Autarchy as used in the text refers to
 
  (a) an economy that does not trade.
  (b) an economy that trades primary products in exchange for manufactures.
  (c) developing country dictatorships.
  (d) the caste system and related social structures.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janieazgirl

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 30, 2018
Answer to Question 1

The answer should discuss creating and improving the functioning of markets as the preferable policy approach, as opposed to standard-setting and direct provision. The basis for such an approach is the efficiency argument. Objections could cite examples where market instruments might not suffice.

Answer to Question 2

A


Caiter2013

  • Member
  • Posts: 607
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Hdosisshsbshs

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Thick filaments are bipolar structures created by the association of many myosin molecules Thick filaments are bipolar structures created by the association of many myosin molecules
An ulcer is created when the mucosal lining of the GI tract erodes or breaks An ulcer is created when the mucosal lining of the GI tract erodes or breaks
Growth of a Renewable Resource Growth of a Renewable Resource
Infant and Toddler Development and Responsive Program Planning: A Relationship-Based Approach Infant and Toddler Development and Responsive Program Planning: A Relationship-Based Approach
Created Equal: A Social and Political History of the United States, Brief Edition Created Equal: A Social and Political History of the United States, Brief Edition
Children: A Chronological Approach, Canadian Edition Children: A Chronological Approach, Canadian Edition
Video: ETC Protein Complexes & Chemiosmosis (Total ATP Production and ATP Synthase)

For a complete list of videos, visit our video library