Why is it very easy to overuse our natural resources?

What is the difference between private and social costs?

What kind of public good does European Union try to provide?

If the government wants to reduce the burning of fossil fuels, it should impose a tax on

How can overproduction trigger crisis in Capitalism?

Name two countries, other than Canada, that are globally important sources of forest products. What natural characteristics do Canada and these countries share?

Differentiate between a public good and common resources.

Who is responsible for our current Tragedy of the Commons?

A public-private initiative in Texas will significantly expand the wind-generated energy through- out the state. The cash flow for one phase of the project involving Central Point Energy, a trans-mission utility company, is shown. Given reinvestment rate of 14% per year for excess funds and 10 % per year for borrowing rate for extra funds, determine: given MARR = 12% Year Net cash flow 0 -50000 1 +22000 2 +38000 3 -2000 4 -1000 5 +5000   a) How many number of ROR values is expected and why? b) Calculate the external rate of return (MIRR). c) Is the project economically viable?

How are public goods different from private goods?