Lecture Issues in economics today - Chapter 19: The environment
Lecture Issues in economics today - Chapter 19: The environment
After completing this unit, you should be able to: Apply the principles of present value to natural resource development, apply marginal analysis to answer the question of how clean is clean enough, apply the concept of externalities to explain why pollution warrants government interventions in the market, demonstrate why pollution is much more likely to occur on publicly owned property than on private property,...