Realizing the attraction of ecotourism

Realizing the attraction of ecotourism, the residents of low-income countries may come to see that preserving wildlife habitats is more lucrative than, say, cutting down forests or grazing livestock to survive. In South Africa, Namibia, and Zimbabwe, for example, a substantial expansion of both rhinoceros and elephant populations is broadly credited to ecotourism, which has… Continue reading Realizing the attraction of ecotourism

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Marginal Costs and Marginal Benefits

Marginal Costs and Marginal Benefits of Environmental Protection Reducing pollution is costly—one must sacrifice resources. The marginal costs of reducing pollution are generally increasing, because one can make the least expensive and easiest reductions, leaving the more expensive methods for later. The marginal benefits of reducing pollution are generally declining, because one can take the… Continue reading Marginal Costs and Marginal Benefits

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International Environmental Issues

International Environmental Issues By the end of this section, you will be able to: • Explain biodiversity • Analyze the partnership of high-income and low-income countries in efforts to address international externalities Many countries around the world have become more aware of the benefits of environmental protection. Yet even if most nations individually took steps… Continue reading International Environmental Issues

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Shift in the production possibility curve

Technological innovations shift the production possibility curve. Look at graph you sketched for Exercise 12.13 Which types of technologies should a country promote? Should “clean” technologies be promoted over other technologies? Why or why not? Chapter 12 | Environmental Protection and Negative Externalities 297     PROBLEMS 40. Show the market for cigarettes in equilibrium,… Continue reading Shift in the production possibility curve

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