1. Think of an environmental problem (e.g., climate change, acid rain, agricultural chemical run-offs, water pollution, air pollution, etc.) that seems interesting or urgent to you. a. Briefly describe this problem. What causes it? What are the potential short-term and long-term impacts? b. Suppose that you are a policy maker and you are in charge of implementing a policy dealing with this problem. i. Suppose that you propose a standard. Briefly explain how this policy would work and how it would deal with the environmental issue. What would be the positive attributes of this policy? What would be negative attributes, or drawbacks? ii. Suppose that you propose an emission tax. Briefly explain how this policy would work and how it would deal with the environmental issue. What would be the positive attributes of this policy? What would be negative attributes, or drawbacks? iii. Suppose that you propose a Cap-and-Trade system. Briefly explain how this policy would work and how it would deal with the environmental issue. What would be the positive attributes of this policy? What would be negative attributes or drawbacks?

1. Think of an environmental problem (e.g., climate change, acid rain, agricultural chemical run-offs, water pollution, air pollution, etc.) that seems interesting or urgent to you. a. Briefly describe this problem. What causes it? What are the potential short-term and long-term impacts? b. Suppose that you are a policy maker and you are in charge of implementing a policy dealing with this problem. i. Suppose that you propose a standard. Briefly explain how this policy would work and how it would deal with the environmental issue. What would be the positive attributes of this policy? What would be negative attributes, or drawbacks? ii. Suppose that you propose an emission tax. Briefly explain how this policy would work and how it would deal with the environmental issue. What would be the positive attributes of this policy? What would be negative attributes, or drawbacks? iii. Suppose that you propose a Cap-and-Trade system. Briefly explain how this policy would work and how it would deal with the environmental issue. What would be the positive attributes of this policy? What would be negative attributes or drawbacks?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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