Sixteen years of mounting scientific evidence are securing the idea that “specific forms of air pollution increase the risk of suffering a fatal heart attack, among other cardiovascular diseases.” If these particular toxins are present in the atmosphere, even at levels below the federal health standard, lifespan of the inhabitants near the source can be [...]
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Posted in Externalities, IB Economics | 3 Comments, add your own » |
Thursday, April 23rd, 2009
Article
Due to lack of proper disposal facilities, radioactive nuclear waste is piling up at hospitals and research institutions around the USA. The waste may be considered to be consumed by the hospitals and research institutions, as it is a product of things such as medical equipment they are using, and it is being kept by [...]
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Posted in Environment, Externalities, Free Markets, IB Economics, Market failure, Microeconomics | 1 Comment, join in » |
This blog is not based on an article, but some data has been used from:
Reuters - Global carbon price unlikely for 10-15 years: analysts
Part of Barak Obama’s plans, are to create an emissions cap and trade scheme in the US. An emission trading scheme is an administrative approach used to control pollution by providing [...]
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Posted in Environment, Externalities, IB Economics | No comments yet, be the first » |
Wednesday, March 18th, 2009
Article
The Obama administration is proposing an increase in the federal tax on cigarettes from 39 cents per pack to $ 1.01 per pack. In doing so, it hopes to decrease the number of smokers in the United States, and prevent people from starting smoking.
The US government is implementing this tax because it believes cigarettes to [...]
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Posted in Elasticity, Externalities, IB Economics, IB Student Blogs, Market failure, Taxes | 7 Comments, add your own » |