;The Microeconomic objectives of government These are the policies which are concerned with the allocation and distribution of resources to maximize social welfare. i. Allocation policies The major objective of government is to achieve pareto efficiency in resource allocation. An economy is said to be Pareto efficient when it must be impossible to increase the production of another, or to increase the consumption of one household without reducing the consumption of another. Such situation results when the following three conditions are satisfied: a) The given stock of resources must be allocated in the production of goods and services in such a way that no re-location can increase the output of one good without decreasing the output of any other. b) The combination of goods and the proportions in which they are produced must be in response to tastes and preferences of the community - i.e. the goods produced must be the ones that the community wants. c) The distribution of goods and services must be in conformity with consumers preferences, given their tastes and incomes. ii. The distribution function /policy The overriding aim of the strategy is to promote equity - that is to achieve a "fair" distribution of income and wealth. For this purpose, budgets are usually designed to impose higher rates of taxation on higher incomes and to try and secure a fair distribution of tax burdens in the communit

QUETSIONS

1.demonstrateyour understanding about the Life cycle assessmentas associated to et environmental impact of any technology.

2.why does the Photovoltaic manufacturing contribute tohazardous materials.

3. Which is one of the major problems caused by a geothermal plant to land?elaborate

4.Land requirement of a geothermal plant depends on.?How?

5.what factor make the Coal plants the largest emitter of sulphur dioxide

6.How does hydrogen sulphide from geothermal plants contribute towards pollution?

7.show the intrelationship between Hydrogen sulphide and open-loop geothermal system.

8.show the evenys that render the geothermal plantsuitable in the prevention of the leakage of sulphur into environment?

9.elaborate on the contributions of Sulphur in regard to geothermal reservoir andpotential water pollutant

10.geographically locate theozone hole

Answer rating: 100% (QA)

Microeconomic Objectives of Government and Related Environmental Concerns 1 Understanding Life Cycle Assessment LCA and Environmental Impact LCA is a methodology that assesses the environmental impact... View the full answer