According to economic theory, under what circumstances should a government

According to economic theory, under what circumstances should a government

According to economic theory, under what circumstances should a government intervene in issues of climatic change

Requirements of responses

-Understand the economic concepts

-Apply the appropriate concepts to the question

-Conduct systematic analysis using the concepts

-Engage in critical discussion

-Draw conclusions

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The issue of climate change often caused by global warming has been discussed over and over. With all sorts of pollution produced by industries affecting our climate day in day out, economists have found a way to associate climatic change to the economic theory. Take for example the issue of rising sea levels. The rising water may likely destroy coastal cities destructing their local economies. The main problem is the accumulation of greenhouse gases from our industries that harm the ozone layer. Left alone, these industries are not likely to regulate the emission of these gases as they are geared towards profit making…

APA

572 words