Environmental Economics For Non-Economists Techniques And Policies For Sustainable Development 2nd Edition John Asafu-Adjaye - Solutions

Unlock the insights of "Environmental Economics For Non-Economists" by John Asafu-Adjaye with our comprehensive solution manual. Discover a wealth of knowledge through our online resources, offering an answers key and detailed solutions in PDF format. Dive into solved problems and explore our test bank with step-by-step answers that simplify complex concepts. Access chapter solutions and the instructor manual for an enriched learning experience. Our textbook resources ensure you have the questions and answers needed for academic success. Enjoy the convenience of free download options and elevate your understanding of sustainable development techniques and policies.

3. It has been argued that every unit of a non-renewable natural resource extracted today precludes its use by future generations. Do we have a moral responsibility to use only renewable resources? Do you agree or disagree? State your reasons.
2. Some have argued that given our lack of knowledge about our ecosystem and biological diversity, we should exercise caution and be risk averse when it comes to exploiting env~ronmentalr esources. Others have argued that for some countries, especially the poorer ones, such a policy could even be
1. Suppose biologists have come up with an estimate of the cost of ensuring the survival of an endangered species (e.g., the Sumatra tiger).Policy makers are faced with the choice of protecting this animal’s habitat. Using what you have learned from this and previous chapters, discuss what kinds
List some of the problems that countries face in trying to implement programs for sustainable development
What is the Safe Minimum Standard of Preservation?
What are some of the l i~tat ionsof the SEEA?
Environmental -Economic Accounting (SEEA).
Explain the objectives of the proposed System of Integrated
List the shortcomings of the current System of National Accounting(SNA).
Explain the difference between the weak and strong sus~inability conditions.
State the weaknesses in the economists view of sustainable development.
List the main features of sustainable development as defined by neoclassical e c o n o~s tasn d ecologists.
3. Give possible reasons why a U-curve relationship may not necessarily mean that environmental pollution will decrease.
2. Critically assess the merits and demerits of debt-for-nature swaps.
1. Select two EKC studies from the reference list. Read the full-length articles and provide critical s u ~ i e s .
6. What are some of the factors that affect the EKC relationship?
State the advantages and d~s adv~t agoefs a v o l ~intce~ntiv e scheme such as a voluntary agreement.
Briefly outline two theories which attempt to explain the EKC hypothesis.
Explain the term ‘turning point’ which is commonly associated with the environmental Kuznets curve hypothesis.
Explain why energy use is positively related to a social indicator such as life expectancy.
Describe what happens as natural resources are depleted.
List the possible advantages and disadvantages of a ‘debt-for-farmland swap’.
Why is improving public health one of the ways to address the population problem when it actually increases ~ p u l a t ~ ogrnow th in the s hort-run?
Is family planning the best way to control population? Discuss.Give reasons that explain why coercive policies may not be an ideal way to control population growth.
“The problem of population is not a question of numbers but a question of inequity in distribution of resources” Do you agree or disagree?Discuss.
To date Malthus’s predictions have not come to pass. Why do you think that is so?
9. List and explain issues that need to be addressed in order to reduce population growth.
8. Explain four causes of land degradation.
7. Make a list of the positive and negative environmental impacts of population growth.
6. Give three reasons that explain why poor families are l i k t~o ~hav~e large famiiy sizes.
5. Give three reasons that explain why population growth has accelerated in developing countries over the last three decades.
4. Use the Second Law of The~odynamicsto explain why even zero population growth and a steady-state world economy may not be sustainable.
3. What were the main conclusions of the ~~~~~~ to G~~~~~ Report?
2. Explain how Ricardo’s model differs from ~a l t h u sm’ odel.
1. Explain the Ma~thusianp opulation model.
2. Suppose the government is considering five solid waste disposal options.a. Produce a chart similar to Figure 8.1 showing the possible objectives and the criteria to be considered.b. Suggest units in which the criteria could be quantified.c. Suggest ways in which the weights could be derived.
1. Suppose the government is considering constructing a major freeway in a highly populated city. The alternatives are four locations in the city.a. Produce a chart similar to Figure 8.1 showing the possible objectives and the criteria to be considered.b. Suggest units in which the criteria could
4. Name two advantages and disadvantages of MCA.
3. Briefly discuss five approaches for evaluating the alternatives in MCA.
2. List the steps in MCA.
1. Define ~ u ~ t i - c r ~ atn~arlyi sais .
5. A local government is considering two options for regulating pollution.These are: (i) to allow pollution and clean up afterwards, and (ii) to prevent pollution. The discounted costs and benefits of the two options are as follows.Total cost Total benefits NPV Option ($ “0s) ($ ‘000s) ($
4. Refer to the above data. For Options A and B, analyse the sensitivity of the calculated IRR with respect to f20%changes in capital costs and total revenues. Comment on the sensitivity of the estimated RRs.
3. Internal rate of return: Calculate the internal rate of return using a spreadsheet. Based on your results, rank the projects in terms of profitability. Are your rankings the same as in (1) and (2) above?
2. Cost-benefit ratio: Calculate the cost-benefit ratio. Based on your results, rank the projects in terms of profitability. Are your rankings the same as in (I) above?
1. Net present values: the cost and revenue streams (in $ ’ O ~ s ) for two projects are as follows. Preferably using a spreadsheet, compute the NPVs using a 10 percent discount rate. On the basis of your results, rank the projects in terms of pro~tability Project A Project B Capital 0 & M Total
Explain the meaning of the terms ‘risk analysis’ and sensitivity analysis.What is their purpose in cost-benefit analysis?
State reasons in support of and against the use of high discount rates in CBA.
Explain why it would be erroneous to use net benefits ‘before’ and‘after’ to measure a project’s worth.
What is working capital? How is it accounted for in cost-benefit analysis?
Explain two approaches for calculating the residual value of an asset.
Explain why the price of a good can be used determine the vaIue of a good, if markets are perfectly com~titiveP. rovide three examples of situations where this rule may not apply. State your reasons.
Explain the terms ‘willingness-to-pay’ and ‘opportunity cost’.
Suggest possible valuation methods for assessing the following:a* Recreational fishing.b. Water treatment and wastewater services.c. Cyclone damage.d. High voltage transmission lines.e. Flood control programs.f. Tourism and recreation g. Loss of mangrove swamps.h. Health effects of air pollution.i.
Given that the average farm size is 200 ha, calculate the following:a. The average farm price if the project does not go ahead: HINT:insert AREA = 200 and IRRIGATION = 0 in the equation and work out the value of the dependent variable.b. The average farm price if the project goes ahead,c. The
4, The cons~uctiono f a new i~g a t i o ns ystem in a town i s expected to benefit small-scale farmers living in and around the area. It is hypothesised that the development will lead to an increase in farm prices in the area. However, to benefit, a farmer must pay for the cost of cons~c t inga
3. The following table provides estimates of average house prices in the northern and southern areas of a city before and after a tollway was constructed near the northside.House price Number of~$70~0) houses Area Before After Southside 150 210 15,000 Northside 150 100 4,000 Calculate the
2. Data collected for possible admission fees to a zoo and co~espondin~number of visits are as follows:Total number Admission fee ($1 of visits per annum 0 50,000 32,000 20,000 6,~00 500a. Calculate the loss in consumer’s surplus if entrance fees were to be increased from the current $I to $4 per
1. A survey of 200 visitors to a national park gave the following results:Number of visits Total visit cost ($) per person per annum 16 10 20 8 40 6 80 2a. Draw a demand curve for visits to the park as a function of the price, ie., the travel cost.b. The survey results indicate that 50,000 people
State any advantages and disadvantages of cost methods.
Compare and contrast the contingent valuation method and choice modelling.
Select a natural environment in your area. Develop a willingness-to-pay question to estimate the value of this natural environment. Suggest a way to check the validity of the responses.
List and explain the biases associated with the stated preference approach.
Discuss the main differences between revealed preference and stated preference methods.
List some of the possible values associated with soil conservation.
List the different kinds of values associated with a marsh.
Compare and contrast market-based incentive approaches (e.g., charges)with command-and-control approaches, using the problem of air poilution as a point of reference.
Explain how the Coase Theorem can provide an optimal solution to an externality problem such as pollution. State the assumptions of the theorem and explain why it is unlikely to lead to an efficient outcome.
What is meant by ‘market failure’? Explain the causes of market failure.
5. Explain the meaning of the term ‘internalising an externality’.
4. Define the following terms:0 Externality 0 Pareto-relevant externality* Pecuniary externality 0 precaution^ Principle
3. Describe the properties of the following goods:Private good 0 Congestion good 0 Common access good 0 Semi-public or quasi good 0 Pure public good
2. Describe the properties of a fully specified set of property rights.
1. Explain the meaning of the following economic terms:Opportunity cost 0 Pareto optirnality 0 Perfect competition
7. Referring to Question 4, suppose the government imposes a carbon tax of 5%. Calculate the following:(a) Consumer surplus.(b) Producer surplus.(c) Deadwei~hlto ss.
6, Explain why the market price of a good is not an accurate measure of the benefits derived from consuming a good.
5. Is it true that whenever a tax is introduced producers pass on all of the tax to consumers? State your reasons. Under what conditions would this be possible?
4. Suppose that an analyst has estimated the following demand and supply functions for heating fuel:Demand: p = 110-2qD Supply: p = logS Where p is the price per litre, qD and qs are quantities demanded and supplied, respectively. Find the equilibrium price and quantity for heating oil.
3. Suppose the supply of and demand for water treatment equipment in a certain city at various prices is as follows:Price per unit ($) Quantity Quantity demanded supplied 40 30 12 60 25 14 80 20 16 100 18 18 140 16 20(a) Draw the demand and supply curves for water treatment equipment(b) Calculate
1. Give a rough indication of the magnitude (i-e., whether greater than or less than 1.0) of the income elasticities of demand for the following comm~itiess,t ating your reasons.(a) A trip to Disneyland.(b) A trip to see the dentist.(c) Bread.(d) Pizza.
1. Indicate whether the following goods are relatively price elastic or relatively price inelastic. State your reasons.(a) Demand for electricity.(b) Demand for mobile telephones.(c) Demand for liquefied petroleum gas with respect to the price of oil.(d) Demand for petrol.(e) Demand for compact
What factor (or factors) causes a movement along the demand curve and a demand shift?
Explain the principle underlying the negative slope of a d e ~ n cdur ve.
Define the terms marginal cost and marginal utility.
What are the properties of an indifference curve?
State the assumpt~onsm ade in regard to how a consumer chooses among competing goods.
State the differences between perfect comp~tition, monopoly, monopsony, oligopoly and monopolistic competition and give a practical example of each.
6. explain the concepts of consumer surplus and producer surplus
5. explain how equilibrium is achieved in a competitive market; and
4. define a supply curve and how it is derived from marginal cost;
3. explain the use of willingness-to-pay as a measure of benefit;
2. define a demand curve and how it is derived from marginal utility;
1. explain the characteristics of a competitive market;
3. Read and s u ~ a r i s eth e views expressed by Uianowicz and Hannon(1987) and Georgescu-Roegen (1971) concerning the use of entropy as a measure of value in the economy-environment system.
2. Select a large economy-environment system in your area. The ecosystem could be a bay, river, lake or forest. Construct a chart of material flows within this economy-environm~nst ystem.
1. Explain the meaning of ‘feedback’ processes in an ecosystem. Give an example of positive and negative feedback within an ecosystem.
5. Explain what is meant by the First and Second Arrows of Time.
4. Explain the First and Second Laws of Thermodynamics.
3. Explain what is meant by isolated, closed, and open systems.
2. Explain the difference between ‘low-entropy energy’ and ‘high-entropy energy’.

Showing 1 - 100 of 2027

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last

Environmental Economics For Non-Economists Techniques And Policies For Sustainable Development 2nd Edition John Asafu-Adjaye - Solutions

Step by Step Answers