Class Notes (837,806)
Canada (510,485)
Economics (28)
ECON 3220 (17)
Ali Kamar (17)
Lecture

Chapter 8-2.docx

1 Page
81 Views
Unlock Document

Department
Economics
Course
ECON 3220
Professor
Ali Kamar
Semester
Winter

Description
Chapter 8-2 Multiple sector regulation  If the regulation targets multiple sectors of the economic then estimation costs at a national level are more appropriate  Any economy has fixed amount of resources- land labor , capital, natural and environmental resources- to produce output  So, economic outputs are likely to fall, at least in short run  But increased demand for pollution control equipment in energy- intensive sectors may expand outputs in those sectors that produces this equipment  Also , prices of some items increases => qty demanded decreases => outputs decrease => production cost decreases  Reduced output in polluting sectors => employment decreases but increased demand for polluting control goods => employment increase  As the economy is interrelated, a complex ma
More Less

Related notes for ECON 3220

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit