Question

In: Economics

Problem: Suppose you are part of an economic analysis team charged with recommending a policy response...

Problem: Suppose you are part of an economic analysis team charged with recommending a policy response to pesticide risks. Your team decides to use risk-benefit analysis as its risk management strategy. On the risk side of the analysis, your team reviews the following data from the risk assessment process. Interpret each of these quantitative findings about pesticide risk, by stating precisely what the numerical value(s) mean or imply in each case. Be specific. (i) Pesticide W: Reference Dose (RfD) = 0.005 (ii) Pesticide X: threshold level of 0 for infants and children (iii) Pesticide Y: carcinogenic risk of 0.0075 percent (iv) Pesticide Z: a dose (D)-response (R) function modeled as R = 0 for all D < 0.6, R = – 0.3 + 0.5D for all D ≥ 0.6. On the benefit side of the analysis, briefly describe two distinct benefits to society that are relevant to a risk-benefit analysis of pesticides.

Solutions

Expert Solution

Answer; Now a days pesticides are commonly used in crops.Pesticides have some advantages and disadvantages.Chemical pesticides are regularly used for rice growing.so that insects are resisted. Now for the understanding of the risk benefit analysis let us try to replace it with fully genralknown ancient and green pesticide which ha no chemicals I'll effects as well it shall be a nourished or a supplement for a god rice production

For our study let us call the chemical pesticides being used as CX and our chosen green pesticide as GN

In specific I propose the use of NEEM PASTE diluted with mixture of COW DUNG added in the ratio of 1:1:2 of water GN Is ready

Risk of pesticides

Chemical

1)Hazardous to environment 2)Have potential I'll effects while applying

3)Artificial 4)Unhealthy to people who administer

5)I'll health to consumers of so grown rice

The benefits of chemical use even though less but still some to say

Very effective

Shall ensure nil insects attack or nil insects

Better crop yields

In time growth

As against above our Green pesticide GN RISKS are less but few to mention

Unknown a bit

Old and traditional with little scientific research of modern

People to still understand its application ways and methods

Annual to start till a proper mechanisation is developed for fast and uniform application

GN Benefits are many to name important few are

Green

Natural

Bio degradable

Highly useful as a nourished

No killings of insects but very good resistant

No side effects in produce

No I'll effects to administration as well sourounds are safe clean and green

Healthy farm produce

Cost wise shall be cheap and economical

Nil chemical effects

Coming to the advantage to stake holders

This GN Proposed is

100% fail proof

Clean and green

Every stake holder is safe, appreciate, encourage this whole hesrtedly and unanimously as well universally


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