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Answer: Environmental Impact Assessment & International Bank Loans A project can avoid an environmental impact assessment if it does not have a loan from an international bank. This is true, as an environmental impact assessment is not legally required unless

Answer: In a Perfectly Competitive Market A perfectly competitive market is a type of market structure where there is a large number of small companies, all selling an identical product, and all having access to perfect information. In this market

Answer: In a Perfectly Competitive Market, Condition C is Typically Not Present A perfectly competitive market is one in which there are numerous buyers and sellers, homogenous (identical) products, and low barriers to entry. The key condition which is typically

Perfectly Competitive Markets A perfectly competitive market is a type of market structure where there are numerous buyers and sellers, all offering identical products and services. There are no barriers to entry or exit, and all participants have perfect information

Answer: Restorative Justice Restorative Justice is a form of justice that focuses on the rehabilitation of offenders through reconciliation with victims and the community at large. It is an alternative to more traditional systems of criminal justice that focus on

The Devensian Glacial Period The Devensian Glacial Period is the last glaciation period of the UK. It began around 115,000 years ago and ended around 11,700 years ago. During this period, much of the UK was covered by ice and

Answer: Which of the Following is Not a Primary Source of International Law? The correct answer is D. General Principles of Law Recognised by Civilised Nations, which is not a primary source of international law. Primary Sources of International Law

Answer: Customary International Law is the Primary Source of International Law Customary international law is considered to be the primary source of international law. This form of law is based on the general practice accepted as law, which is evidenced

Answer: Non-recognition Non-recognition is a form of injustice when societies or powerful elites ignore or omit historical or ongoing injustices from the collective stories about peoples. This type of injustice has a profound impact on the affected individuals, especially when

Answer: Climate Governance Politics: The Single Most Important Factor Climate governance politics is a complex issue with many factors that must be taken into account in order to ensure that positive change is made. The single most important factor in

Answer: Oil Substitution Difficulties Oil is a very important commodity in many industries, especially transportation. However, there are certain physical characteristics that make it difficult to be substituted in certain sectors. Lower Energy Density One of the main difficulties with

Oil’s Physical Characteristics Oil has several physical characteristics that make it difficult to be substituted in certain sectors, such as transportation. These physical characteristics include the lower energy density, higher energy density, emission of carbon dioxide when it is burnt,

Finding the Output Level that Minimizes Average Total Cost The output level that minimizes average total cost is determined by finding the minimum point on the total cost curve. The equation for a total cost curve is TC = 15Q^2

Answer: Finding the Output Level that Minimizes Average Total Cost The output level that minimizes average total cost can be found by setting the first derivative of the total cost curve to 0 and solving for Q. In the given

Answer: False Rural electricity projects are not self financing as the projects require funding from sources outside the rural area. These sources could include government grants, private investment, or international aid. Additionally, the costs of providing electricity to rural areas

Answer Electricity system cost is influenced by the impact of dispatched technologies on variable costs, capacity costs, balancing costs, carbon emission targets, and other constraints applied on the dispatch scheduling. Variable Costs Variable costs refer to the costs associated with

Answer: What is the Greenhouse Effect? The Greenhouse Effect is a phenomenon in which the Earth’s atmosphere traps solar radiation, resulting in an increase in the planet’s temperature. This phenomenon was first proposed by French physicist Joseph Fourier almost 200

Answer: The Greenhouse Effect The idea of a ‘greenhouse effect’ was first suggested by the French physicist, Joseph Fourier, almost 200 years ago. The greenhouse effect occurs when gases in the atmosphere, such as carbon dioxide, methane and water vapor,

Answer Summary Regulations can only be issued after primary legislation is created is true. This is because regulations are detailed rules or laws that must be followed and are created to implement the primary legislation. Supporting Subsections What is Primary

Answer: Carbon Mitigation in a Different Country from Carbon Emission Carbon mitigation is the process of reducing the emission of carbon dioxide and other greenhouse gases into the atmosphere. It can occur in a different country from the carbon emissions,

Answer: Carbon Mitigation in Different Countries It is possible for carbon mitigation to occur in a different country from the carbon emission. Carbon mitigation is the process of reducing the emission of carbon dioxide and other greenhouse gases. It can

Answer: Rights between States Are Established by Contract It is true that rights between states are established by contract. This is because when two states enter into a contract, they are agreeing to abide by certain laws and regulations. This

Answer GDP stands for Gross Domestic Product which is a measure of the economic output of a country. GDP is used to measure the total production of goods and services within a country, and is measured in monetary terms. The

Answer: Feed in Tariff True or False The feed-in tariff (FIT) is a policy mechanism designed to encourage the adoption of renewable energy sources by providing a cost-based incentive to eligible renewable energy generators. The FIT is a monetary incentive

Answer The answer to this question is False: in a monopoly market, the condition P=MC does not ensure profit maximization and market equilibrium. Explanation In a monopoly market, the condition P=MC does not ensure profit maximization and market equilibrium. This

Answer System balancing cost is the cost associated with ensuring that the electrical grid remains in balance or equilibrium. This cost is influenced by a variety of factors, including the dispatchability of resources, the inertia of resources, and weather conditions.

Summary The statement that “Arbitration follows court precedent to ensure consistency between courts and tribunals” is true. This is because arbitration proceedings use court precedent as a guide to determine the outcome of a case. This helps to ensure that

Answer: Obligations Under a Generation Licence Can Be Enforced by Other Generators Under Competition Law The statement that obligations under a generation licence can be enforced by other generators under competition law is true. Competition Law and Enforcement of Generators

Answer: Equilibrium Price and Quantity Without a Subsidy The inverse demand function for heat pumps is Pd = 12 – 0.2Qd and the inverse supply function is Ps = 2 + 0.2Qs. Without a subsidy, the equilibrium price and quantity

Answer The equilibrium price and quantity of heat pumps without a subsidy can be determined by the inverse demand and supply functions given. The equilibrium price, P, is 4 thousand pounds/unit and the equilibrium quantity, Q, is 8 thousand units.

Answer: The inverse demand function of heat pump is Pd = 12 – 0.2Qd and the inverse supply function is Ps = 2 + 0.2Qs. a) What is the equilibrium price and quantity without a subsidy? (2 marks) The equilibrium

Answer: Equilibrium Price and Quantity of Heat Pumps The inverse demand function of heat pumps is given by Pd = 12 – 0.2Qd and the inverse supply function is given by Ps = 2 + 0.2Qs. Without Subsidy Without a

Answer: Equilibrium Price and Quantity of Heat Pumps The inverse demand function of heat pumps is Pd = 12 – 0.2Qd, and the inverse supply function is Ps = 2 + 0.2Qs. Equilibrium Price and Quantity without Subsidy Without a

Answer In economics, when the demand and supply functions of a product are known, the equilibrium price and quantity of that product can be calculated. In this case, the inverse demand function of heat pump is Pd = 12 –

Answer: Equilibrium Price and Quantity The equilibrium price and quantity of heat pumps without subsidies can be determined by setting the demand and supply functions equal to each other. The demand function is given by Pd = 12 – 0.2Qd.

Answer: Answer The household’s utility function is U(X,Y) = (X+4)Y, where X is the consumption of energy and Y is the consumption of all other goods. The budget constraint is PXX + PYY = M, where PX is the price

Answer: Answer to Question The question is asking about the price of electricity, P, which is 0.3 £/kWh, and the demand function of a residential household, QD = 625 – 125P, where the unit of QD is kWh and the

Answer: Stackelberg Model of Oligopoly The Stackelberg Model of Oligopoly is an economic model that explains how two or more firms can compete in an industry in which they have some control over the price. This model assumes that one

Advantages and Disadvantages of Geographic Diversification Geographic diversification is a business strategy that involves expanding into multiple locations or countries. It can provide a competitive advantage and access to new markets, but it can also involve significant risks. This article

Answer: Market-Clearing Price and Quantity Supplied by the First Firm When a second firm joins the market and competes on price with the first firm, the market-clearing price and quantity supplied by the first firm can be determined by analyzing