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fgiga [73]
2 years ago
9

Lawrence Reed in his article "The Role of Incentive" states that the best way to curb pollution and misuse of resources is to?

Business
1 answer:
katovenus [111]2 years ago
7 0

Answer:

Like the title of the article states, all economy relayed choices are the results of an incentive or disincentive a potential polluter faces. He gave the example of the Lake Erie, stating that is highly reasonable (although highly unethical) it is polluted, as it is financially efficient to simply dump garbage in the lake, rather than invest in a recycling or waste management system. He also added, that since the lake is a public good, no one will look at the pollution as a serious concern, since it isn't owned by anybody.

All of this implies that a structured, incentive system has to be created in order to curb pollution.

You might be interested in
You have a subordinate who performs best when he does things because he agrees with your ideas. What type of power should you us
eimsori [14]

Answer: 1. Persuasive Power

2. Information Power

3. Expert Power.

Explanation:

For the first Scenario where the subordinate works better when they are agreeing with your ideas, the type of power to use is PERSUASIVE Power. Persuasive power is the ability to be able to convince people to do things that can either be good or bad by making them see the logic in your decisions. You can use it here to motivate this employee as he is already used to being persuaded by you and is at his best when that happens.

The second scenario speaks of a power that stems from having a consistent track record that people trust. This is called the EXPERT power. The expert power means that you are very knowledgeable and skilled in your area of expertise which has the effect of people coming to you for guidance which is what is happening in this scenario.

The third scenario speaks to INFORMATION Power which refers to the ability to have and use multiple contacts as well as other information sources to constantly be knowledgeable in a field. People will seek you out for this and that is what they are doing here.

8 0
2 years ago
In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 pe
garik1379 [7]

Answer:

What is the growth rate of nominal GDP?

  • 8%

the inflation rate?

  • 5%

the real interest rate?

  • 4%

Explanation:

money supply × velocity of money = price level × real GDP =  nominal GDP

since velocity of money is constant, any change in the money supply will result in an equal change in nominal GDP. Since the money supply grows by 8%, the nominal GDP also grows at 8%

growth rate of the money supply + growth rate of the velocity of money = inflation rate + real GDP growth rate

8% + 0 = inflation rate + 3%

inflation rate = 8% - 3% = 5%

real interest rate = nominal interest rate - inflation rate

real interest rate = 9% - 5% = 4%

6 0
2 years ago
How can inequality or discrimination hurt an economy's ability to maximize its human capital?
inessss [21]
Well, if people are discriminated against and feel they are not equal to some other classes in their own society, they obviously will not be happy which will have an impact on their jobs and careers. If they are not happy, they will not give their full potential at their jobs, which will ultimately lead to less and less income for the company.
That's what I think, at least. :)
3 0
1 year ago
Read 2 more answers
Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct m
RSB [31]

Answer:

d. $1,540 F

Explanation:

The formula to compute the variable overhead efficiency variance is shown below:

= (Actual direct labor hours - standard direct labor hours) × variable overhead per hour

where,

Actual direct labor hours is 2,380

And, the standard direct labor hours equal to

= 5,200 units × 0.5

= 2,600 hours

Now put these values to the above formula  

So, the value would equal to

= (2,380 hours - 2,600 hours) × $7

= 1,540 favorable

5 0
1 year ago
A firm must choose among three alternative ways to compensate its salaried employees. It can pay them at the end of each week, a
Murrr4er [49]
I believe the answer is B
6 0
1 year ago
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