estion 3 t yet swered Flag question All of the following are true regarding the main difference between market benefits and non- market benefits from environmental projects except: O a. None of the statements are true O b. Non-market benefits don't have prices attached, and market benefits do Fir Oc. Non-market benefits occur in the short term, and market benefits takes longer Od. Non-market benefits are not legally organized, and market benefits do estion 3 t yet swered Flag question All of the following are true regarding the main difference between market benefits and non- market benefits from environmental projects except: O a. None of the statements are true O b. Non-market benefits don't have prices attached, and market benefits do Fir Oc. Non-market benefits occur in the short term, and market benefits takes longer Od. Non-market benefits are not legally organized, and market benefits do

In what ways (it) company investments in research and development create positive externalities?

Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table 12.8 shows the total costs of cleaning up the sewage to different levels, together with the total benefits of doing so. (Benefits include environmental, recreational, health, and industrial benefits.) Using the information in Table 12.8, calculate the marginal costs and marginal benefits of reducing sewage emissions for this city. See Production, Costs and Industry Structure if you need a refresher on how to calculate marginal costs. What is the optimal level of sewage for this city? Why not just pass a law that films can emit zero sewage? After all, the total benefits of zero emissions exceed the total costs.

What are better-defined property rights and what incentive do they provide to account for external costs?

Why might private markets tend to provide too few incentives for the development of new technology?

Can extreme levels of pollution hurt the economic development of a high-income country? Why or why not?

What are the economic tradeoffs between low-income and high-income countries in international conferences on global environmental damage?

Assume that the marginal private costs of a film producing fuel-efficient can; is greater than the marginal social costs. Assume that the marginal private benefits of a firm producing fuel efficient cars are the same as the marginal social benefits. Discuss one wags.r that the government cans fly to increase production and sales of fuel efficient cars to the socially desirable amount. Hint: the government is flying to affect production through costs, net benefits.

In the tradeoff between economic output and environmental protection, what do the combinations on the protection possibility curve represent?

Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all local people to enter the parks or to injure either the elephants or their habitat in any way. In a second approach, the government sets up national parks and designates 10 villages around the edges of the park as official tourist centers that become places where tourists can stay and bases for guided tours inside the national park. Consider the different incentives of local villagers-who often are very poor-in each of these plans. Which plan seems more likely to help the elephant population?