How does a tradeoff exist between a clean environment and a higher level of income? Studies show that individuals with higher levels of income purchase more environmentally friendly product than low-income individuals. To pay for pollution cleanup, the government must increase taxes, which lowers income. Laws that reduce pollution raise costs of production and reduce incomes. By employing individuals to clean up pollution, employment and income both rise.
How does a tradeoff exist between a clean environment and a higher level of income? Studies show that individuals with higher levels of income purchase more environmentally friendly product than low-income individuals. To pay for pollution cleanup, the government must increase taxes, which lowers income. Laws that reduce pollution raise costs of production and reduce incomes. By employing individuals to clean up pollution, employment and income both rise.
Chapter1: Making Economics Decisions
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![How does a tradeoff exist between a clean environment and a higher level of income?
Studies show that individuals with higher levels of income purchase more environmentally friendly products
than low-income individuals.
To pay for pollution cleanup, the government must increase taxes, which lowers income.
Laws that reduce pollution raise costs of production and reduce incomes.
By employing individuals to clean up pollution, employment and income both rise.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F09327bfc-caac-40c0-b4e8-605acbe12bbc%2F88fcabc9-a9c0-4c8a-b501-16942b75abc4%2Fwi37o67_processed.png&w=3840&q=75)
Transcribed Image Text:How does a tradeoff exist between a clean environment and a higher level of income?
Studies show that individuals with higher levels of income purchase more environmentally friendly products
than low-income individuals.
To pay for pollution cleanup, the government must increase taxes, which lowers income.
Laws that reduce pollution raise costs of production and reduce incomes.
By employing individuals to clean up pollution, employment and income both rise.
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