
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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What are the factors which can be indentified for increasing interest in the problem of the ecomomic development?
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- Concern over politically controlled supply and finite availability of non-renewable energy resources such as crude oil and natural gas has prompted large crude oil-consuming nations to seek alternate renewable energy sources. Furthermore, environmental concerns associated with carbon dioxide and other greenhouse gas emissions have prompted countries with large agricultural tracts of land to seek and develop clean, renewable biofuels that are not only environmentally friendly, but which also contribute to sustainable eco-nomic growth and energy security. Developing biofu-els does not need to be a panacea, however, real chal-lenges must be overcome to prevent economic costs from exceeding social benefits. For example, countries should take extreme care in implementing national biofuel policies because in the rush to energy indepen-dence, more pollution may occur, and resources…arrow_forwardTechnological innovations shift the production possibility curve. Which types of technologies should a country promote? Should “clean” technologies be promoted over other technologies? Why or why not?arrow_forwardIn 1950, when the world's population was 2.5 billion, it was unimaginable that the world could ever produce enough food to feed the present world population of 7.6 billion. Which of the following variables is key to having met this task (although far from perfectly)? Select one: a. political cooperation among developed and developing economies Ob. foreign aid O c. birth control O d. all of the above e. technological change in agricultural production sarrow_forward
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