ECON 1050 Chapter 1: Economics-1 (1) (dragged) 2
17 Sep 2016
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Burning fossil fuels to generate electricity and to power airplanes, automobiles, and trucks pours a staggering 28 billion tonnes 4 tonnes per person of carbon dioxide into the atmosphere each year. Two thirds of the world"s carbon emissions comes from the united states, china, the european. The fastest growing emissions are coming from india and china. The amount of global warming caused by economic activity and its effects are uncertain, but the emissions continue to grow and pose huge risks. Every day, when you make self-interested choices to use electricity and gasoline, you contribute to carbon emissions. You can lessen your carbon footprint by walking, riding a bike, taking a cold shower, or planting a tree. They had made loans that borrowers couldn"t repay and they were holding securities the value of which had crashed. Six key ideas define the economic way of thinking: People make rational choice by comparing benefits and costs. Benefit is what you gain from something.
