Corrective taxes and tradable pollution permits are which type of policies?

Q: What are the economic benefits of the water pollution policy in Hawaii?

A: Hawaii's quality of life reflects mirrors the benefits of the state's environment, wellbeing,…

Q: About five decades ago, when The Environment Protection Agency was created about, it decided to…

A: Decades ago, the establishment of the Environmental Protection Agency (EPA) marked a pivotal moment…

Q: The following companies all manufacture widgets and dump tons of glop into the air. Manufacturer…

A: To calculate the total cost of cleanup for Smog Brothers, Inc. after the exchange of permits, we…

Q: what are some proms and cons of being an environmental economist?

A: Environmental economists supervise the economic analysis which is linked to environmental protection…

Q: Would environmentalists favor command-and-control policies as a way to reduce pollution? Why or why…

A: The command-and-control regulation establishes particular pollution emission limitations and/or…

Q: What causes market failure when there is marine pollution.

A: Market failure takes place when the allocation of services and items by a free market is…

Q: Why free-market environmentalism is not implemented?

A: Free market environmentalism would cause decrease in production of many firms.

Q: What is the main rationale behind marketable pollution permits?

A: Emissions trading or cap and trade is a market-based approach that is used by government to control…

Q: What assumptions do economists make? Why does each assumption matter in environmental economics?

A: Economics: It is related to the production, distribution, and consumption of goods and services.

Q: examples of market-oriented environmental policies.

A: Environmental policies are measures taken by the government, institution, or any other corporation…

Q: Draw a graph of water pollution as a negative externality and explain it

A: An economy wanted to produce maximum number of goods in a short time frame. It makes the producers…

Q: Why has supply and demand failed to prevent pollution

A: Supply: It refers to the goods and services available in the market for the people's purchase. The…

Q: externalities

A: ‘Externality’ is a cost or benefit that a person or a community receives but they have no control…

Q: Look at the figures below representing pollution reduction with plants A and B. The government…

A: Marginal Cost (MC): The additional cost of producing one more unit of a good or service.Marginal…

Q: Is zero pollution possible under a marketable permits system? Why or why not?

A: Externality refers to the situation in which the act of production or consumption affects the third…

Q: What are some pros and cons of being an environmental economist?

A: pros:-  the advantage of being an environmental economist is that is a great profession and can do…

Q: Define pollution charge and will our economy be able to control pollution? Share your thoughts in a…

A: Pollution charges or tax refers to the amount of tax that is imposed by the government to reduce…

Q: Why is emission mitigation is considered as a public good?

A: Emission mitigation is considered as a public good.

Q: Explain the concept of public goods in terms of environmental economics.

A: Public goods are those goods which are freely available on the market and whose use does not affect…

Q: How Governments Address the Existence of Negative Externalities in Environmental Economic Markets?

A: Considering the negative externality in the environmental economics, it refers to the uncompensated…

Q: Summarize the effects of the Clean Air Act on U.S. air pollution.

A: CAA involves emissions trading, valuation and cost-effective strategies which are economic…

Q: Can extreme levels of pollution hurt the economic development of a high-income country? Why or why…

A: Pollution is always bad for human health and for the environment too. In economics, we always try to…