Topic 3 DQ 1

docx

School

Phoenix College *

*We aren’t endorsed by this school

Course

351

Subject

Economics

Date

Jan 9, 2024

Type

docx

Pages

Uploaded by Lon12dyn

Refer to Chapter 10 in the textbook which discusses externalities. Specifically, reference section 10-2, which details public policies towards externalities. Additionally, find an article using your subscription to the Wall Street Journal detailing one proposed solution to pollution. In your post, summarize the selected article and discuss the following:  Explain which of the public policies detailed in section 10-2 of the textbook best describes the proposed solution in the selected article.  Which of the public policy approaches outlined in section 10-2

would work best to resolve this pollution problem and why?  Hello Dr. Archer and Class,  The article I selected discusses how the COP28 Climate Summit focuses on world emissions of methane. Specifically the article takes aim at oil and gas facilities (Niiler, 2023). In this article the

solution proposed and currently in use are incentives and strict regulations. Tim Gould, a chief energy Economist, suggests that if 2% of the overall income the oil and gas companies make was to be reinvested, to reduce the gap for efforts to control methane, it would help to get the emissions

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

down where they need to be by the end of the decade.   I believe this article details the public social policy's corrective taxes and subsidies. The Biden Administration announced a 1 Billion Dollar grant to help the lower-income nations to correct

their methane emissions (Niiler, 2023). This would fall under the subsidies. Then when Gould suggested 2% of income from the oil and gas companies being reinvested, that would fall under taxing. Our book explains that most economists prefer taxing to correct the negative externalities

because it is the most efficient way to do so. Essentially, the company decides which is less costly, to reduce pollution or to pay the tax. For economists, it is part of the give-take relationship that is part of all decisions we make. 

Your preview ends here

Eager to read complete document? Join bartleby learn and gain access to the full version

Access to all documents
Unlimited textbook solutions
24/7 expert homework help

 Thank you,

Related Documents

Topic 3 DQ 2.docx

Topic 3 DQ 1.docx

SOLUTIONS-1697610823048.docx

Topic 3 DQ 1.docx

ProblemSet06.pdf

604 ps2.docx

Anderson, Q 2-2 OL-620 .docx

Econ 312 Problem Set 3 Fall 2023 DONE.pdf

Barnes_ECO110_Week7Assignment.docx

Recommended textbooks for you

Microeconomics A Contemporary Intro

Economics

ISBN:9781285635101

Author:MCEACHERN

Publisher:Cengage

Micro Economics For Today

Economics

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Cengage,

Economics For Today

Economics

ISBN:9781337613040

Author:Tucker

Publisher:Cengage Learning

Economics (MindTap Course List)

Economics

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Cengage Learning

Microeconomics

Economics

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Cengage Learning

Principles of Microeconomics

Economics

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:Cengage Learning

SEE MORE TEXTBOOKS

Recommended textbooks for you

Microeconomics A Contemporary Intro
Economics
ISBN:9781285635101
Author:MCEACHERN
Publisher:Cengage
Micro Economics For Today
Economics
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Cengage,
Economics For Today
Economics
ISBN:9781337613040
Author:Tucker
Publisher:Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning
Microeconomics
Economics
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Cengage Learning
Principles of Microeconomics
Economics
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:Cengage Learning