Many observers believe that the levels of pollution in our society are too high. True or False: If society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with highest profit bearing the largest burden of reducing pollution and firms with lowest profit bearing the least burden. Why are command-and-control approaches generally unable to target the firms that should undertake bigger reductions? Check all that apply.Command-and-control approaches often rely on uniform reductions among firms. There is no incentive to reduce pollution beyond the mandated amount. The costs of reducing pollution are the same across firms. Economists argue that appropriate corrective taxes or tradable pollution rights will result in efficient pollution reduction.Which of the following statements support(s) this claim? Check all that apply.Corrective taxes or tradable pollution rights give firms greater incentives to reduce pollution. With corrective taxes or tradable pollution rights, firms spend less in research on pollution control. The government does not have to figure out which firms can reduce pollution the most. **Transcription for Educational Website**---**Quiz: Efficient Pollution Reduction Strategies****Question 1:** True or False: If society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with the highest profit bearing the largest burden of reducing pollution, and firms with the lowest profit bearing the least burden.- [ ] True- [ ] False---**Question 2:** Why are command-and-control approaches generally unable to target the firms that should undertake bigger reductions? *Check all that apply.*- [ ] Command-and-control approaches often rely on uniform reductions among firms.- [ ] There is no incentive to reduce pollution beyond the mandated amount.- [ ] The costs of reducing pollution are the same across firms.---**Question 3:** Economists argue that appropriate corrective taxes or tradable pollution rights will result in efficient pollution reduction.Which of the following statements support(s) this claim? *Check all that apply.*- [ ] Corrective taxes or tradable pollution rights give firms greater incentives to reduce pollution.- [ ] With corrective taxes or tradable pollution rights, firms spend less in research on pollution control.- [ ] The government does not have to figure out which firms can reduce pollution the most.---

An emissions based tax is a pollution tax, which indicates that the more emissions produced by a…

Answered: any observers believe that the levels…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Many observers believe that the levels of pollution in our society are too high.

True or False: If society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with highest profit bearing the largest burden of reducing pollution and firms with lowest profit bearing the least burden.

Why are command-and-control approaches generally unable to target the firms that should undertake bigger reductions? Check all that apply.

Command-and-control approaches often rely on uniform reductions among firms.

There is no incentive to reduce pollution beyond the mandated amount.

The costs of reducing pollution are the same across firms.

Economists argue that appropriate corrective taxes or tradable pollution rights will result in efficient pollution reduction.

Which of the following statements support(s) this claim? Check all that apply.

Corrective taxes or tradable pollution rights give firms greater incentives to reduce pollution.

With corrective taxes or tradable pollution rights, firms spend less in research on pollution control.

The government does not have to figure out which firms can reduce pollution the most.

**Transcription for Educational Website**

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**Quiz: Efficient Pollution Reduction Strategies**

**Question 1:**
True or False: If society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with the highest profit bearing the largest burden of reducing pollution, and firms with the lowest profit bearing the least burden.

- [ ] True
- [ ] False

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**Question 2:**
Why are command-and-control approaches generally unable to target the firms that should undertake bigger reductions? *Check all that apply.*

- [ ] Command-and-control approaches often rely on uniform reductions among firms.
- [ ] There is no incentive to reduce pollution beyond the mandated amount.
- [ ] The costs of reducing pollution are the same across firms.

---

**Question 3:**
Economists argue that appropriate corrective taxes or tradable pollution rights will result in efficient pollution reduction.

Which of the following statements support(s) this claim? *Check all that apply.*

- [ ] Corrective taxes or tradable pollution rights give firms greater incentives to reduce pollution.
- [ ] With corrective taxes or tradable pollution rights, firms spend less in research on pollution control.
- [ ] The government does not have to figure out which firms can reduce pollution the most.

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