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Econ 104-10 - Econ10410 18:30 ,.Midtermis October24th...

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Econ 104-10 18:30 If you explain what you’re doing for the paper, then you get full credit. Midterm is  October 24 th Economic activity alters the environment. But how? Producing GDP generally damages the environment Air and water pollution Endangerment of plant and animal species Global climate change through carbon emissions Measurement of GDP does not subtract “bads” from calculation Creating plastic products from petroleum increases GDP Polluting air and water in process does not reduce GDP If producing GDP damages environment, why do it? Activities that harm the environment also produce goods/services that people want Energy, plastics, land for farming, cheap food Relevant question is: How much harm? Tree-huggers/spotted owls vs. loggers/hardhats Frequently cast as huge trade-offs Jobs/GDP growth vs. environmental protection Case of global climate change Prospects for ecological catastrophe?
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