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1. Discuss how COVID-19 has impacted on poverty and inequality. Using references & > 350 Words.
2. In the nexus approach, the three elements of food-water-energy interact. Explain these interactions among them. Using references & > 350 Words.
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- 1. What is the main objective of the Sustainable Development Goals of the United Nations? 2. What is the standardized unit that measures resource use and waste? 3. What is the standard response to eradicating poverty? 4. What is the threshold of the Earth for adequately sustaining life? 5. According to the majority of people in middle- and high-income countries, what puts the planet and society at risk? 6. How many hectares should each of us consume annually based on the resources available in the planet? 7. What are two indicators of the quality of life given in the article? 8. What crisis in the planet would force us to slow down if we do not do so voluntarily? 9. According to Hickel, what must be done instead of urging poor countries to -catch-up with rich ones? 10. How would the different areas of the world react to the idea of -de-development?o. Use the figure below to answer the questions that follow. Tractors PPF, 14 PPF₁ PPF₂ 100 Rice (tons) i. Suppose, in 2024 the Minister of Finance in Woodland Republic advises the World Bank that in order to increase rice production and tractor manufacturing, each sector requires AUD50 billion, or a total of AUD100 billion. This AUD100 billion is made a PPF1. In what ways does gift giving reduce inequality in society? In what ways does it increase it? 2. If one compares foragers, pastoralists, horticulturalists, and agriculturalists, is there a pattern of change in the allocation and control of resources?
- 3. Illustrate graphically two different types of market failure. Draw the quantity of the good that is provided in each of the cases and show in your figures what governments can do in order to alleviate the different forms of market failure."Water is one thing we all have in common. Water issues are a common thread through most of the pressing environmental problems this nation faces today. Pollution of surface waters, ground water, and the sea, through tainted runoff, failed sewer systems, industrial waste, agricultural runoff and poor land management have life or death implications." 1. Identify the type of market failure being discussed in the article above and discuss why market failure occurs in this scenario. 2. Suggest a relevant government policy that would yield an efficient outcome and carefully explain the process through which the implementation of the government policy will lead to the optimal outcome. 3. How will the imposition of the chosen government policy impact consumer? surplus, producer surplus and total surplus in this scenario?Need #19-#22
- Aria Bev Charles Allocation 1 $150 $200 $500 Allocation 2 $150 $220 $400 Allocation 3 $100 $200 $300 Reference: Table: Three Allocations for Aria, Bev, and Charles In the table above, it would be a Pareto-Improvement to go from Allocation 1 to Allocation 2. True FalseDefine and give an example of a common resource. Without government intervention, will people use this good too much or too little? why? List and define the different kinds of goods. Give an example of eachEconomics Explain Biden's education expansion proposal. What economic justification does this proposal rely on? What evidence supports his proposal? Suppose Biden's proposal passes, show what the proposal would do to the budget constraint of families with children in the education system. Using your graph, would this proposal have any impact on schools.
- 1) Answer these cases. a) Frannie is a farmer who raises corn as his main cash crop. Recently, domestic corn sales in the United States have hit an all-time low, and Frannie’s business is really struggling. Most corn is being imported from Mexico, and local farmers like Frannie cannot compete with the low prices. Frannie and other farmers ask for governmental help with this problem. One way that the government can address the problem and help American farmers is to: options: -impose a tariff on the sale of corn from Mexico. -nothing; the government cannot interfere with free trade. -prohibit all trade with Mexico. -prohibit all corn sales from Mexico. b) Tyrone, a U.S. citizen, works for U.S. Oil at its production plant in Iraq. Tyrone has been with U.S. Oil for fifteen years and has always received excellent evaluations. Tyrone applies for a promotion with U.S. Oil to a supervisory role but is not hired for the position. The person hired for the position…2. Sort these events and consequences into pairs. Match the free market transaction with the externality caused. Note that not all of the events are relevant – four items do not belong. | Neighboring bee-keeping Homeowner adds garage to their property Driving large SUVS business thrives with extra nectar More youth in neighborhood leads to more demand for more leisure Nightclub opens offering outside dance parties Increased traffic results in congestion activities Market for SUVS becomes Farmer starts apple orchard Increased air pollution flooded Contractor does not finish job Neighbor's ocean view is blocked Price of apples goes down due to increased supply leading to legal action Free market transaction Externality 1.15. Identify what type of goods each of the following items are: A. Private Good B. Public Good 1. National Defense 2. Tickets to a baseball game