The U.S. government has threatened to increase tariffs on European luxury automobiles because of a trade imbalance between the United States and the European Union.For American automakers like GM and Ford, this action would reflectMultiple ChoiceA. reactive strategy that would harm the technological environmental force.B. proactive maneuver to manipulate the social environmental force.C. positive result from regulatory environmental forces.D. positive response to a technological environmental force.E. negative impact as a result of adverse competitive, regulatory, and technological environmental forces

The question is asking us to identify the impact of a potential increase in tariffs on European…

Answered: The U.S. government has threatened to…

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 9SQ

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What does a point inside the production possibility frontier represent?
Suppose that production of steel in the United States involves negative externalities. Now suppose that U.S. tariffs on steel imports are eliminated and U.S. imports of steel increase. What effect does the elimination of these tariffs have on the total social costs associated with steel production in the United States? A. Total social costs will increase. B. Total social costs will not change. C. Total social costs will decrease. D. Total social costs will increase but may be smaller than the private gains from increased steel imports.
Consider the network effects of delivery service by drones in Rwanda. Identify the best example of a positive external benefit generated as new customers use the drone delivery service. As demand increases for delivery service by drones, a.a wider variety of products may be delivered by drone. b.highways may be built to service remote locations. c.social networks may also grow in popularity in Rwanda. d.goods may be damaged during delivery.
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Externalities, the Environment and Natural ResourcesOur very existence makes environmental problems inevitable. Environmental problems are not new. First, explain what is different about the attention we now give to these problems relative to an earlier period of time. Next, debate how our behavior, institutions, and evolution contributed to environmental problems.
Which of the following statements about external costs is TRUE? A Economics uses the term "external cost" to describe a spillover effect from market activity that is too small to matter to society. B C D Economics ignores the environmental impact of market activities by calling such impact an "external cost.” Economics does not provide guidance for environmental policy since its treats any environmental cost as an "external cost". None of the above statements are true.
ions 1. A single firm's innovations in production technology often benefit the production of other firms because these other firms learn about the new technology and can use some of the ideas in their own production. ems a. Is there an externality here? 0. How would an economist rank the following two policies in this situation? Why? 1.A tariff on imports, to make sure that domestic production using the new technology occurs. IL. A subsidy to domestic production, to make sure that domestic production using the new technology occurs. C. What third policy (a tax or a subsidy to something) would the economist recommend as even better than these two?
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Is environmental pollution a failure of the free market system?
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