ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Could you reply to this message (you can agree/disagree or add more information)?

Message: "I believe in climate change and the science that backs it up. Throughout school, I have been able to learn about climate change in many aspects and the ways that humans are contributing to it. It's scary to think about how we are directly impacting the world with nearly every decision we make. Our actions serve consequences, and within years the world could become an entirely different place. In order for us to slow down the process of climate change and hopefully reserve our actions, everyone needs to start taking action now. It's selfish to think about it in the aspect that in the future we won't be alive, so why to worry about it now. More ways we can work towards conservation is by switching our energy sources to more clean, sustainable sources, like solar or water. By avoiding the use of fossil fuels, carbon emissions can be cut down, additionally saving natural resources too. Not only should people make switches, but also big manufacturers. Since they contribute a great amount to the carbon emissions in the atmosphere, their taking the initiative to switch will make a big difference. Their actions will also influence many others to make the switch and work towards conservation. "

Expert Solution
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Step 1- Introductions

The economies around the world tend to focus on their growth and development through various actions, and policy decisions. There are various entities in the economy who contribute to this growth. 

 

The entities are in the form of households, firms, businesses, and investors who get involved in different economic, and financial activities, and assist in influencing the level of output, growth, and income. 

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