- Oil spills from oceangoing tankers are rare but bring huge damages to coastlines when they occur within 200 miles of shore. Unfortunately, most tanker spills do occur on or near coasts. Rank the following alternatives according to how efficient they are in responding to the threat of oil spills. Explain your ranking. a. Each nation with an endangered coastline should impose a tax on all imported oil, a tax that raises enough revenue to compensate for any oil-spill damages. b. Each coastal nation should impose a tax on all domestically purchased oil, a tax that raises enough revenue to compensate for any oil-spill damages. c. Oil-carrying companies should be legally liable for all damages, in the courts of the countries whose national waters are polluted by the spills. d. Each coastal nation should intercept all oil tankers in national waters and charge them a fee that will cover the estimated costs of future oil spills.
- Oil spills from oceangoing tankers are rare but bring huge damages to coastlines when they occur within 200 miles of shore. Unfortunately, most tanker spills do occur on or near coasts. Rank the following alternatives according to how efficient they are in responding to the threat of oil spills. Explain your ranking. a. Each nation with an endangered coastline should impose a tax on all imported oil, a tax that raises enough revenue to compensate for any oil-spill damages. b. Each coastal nation should impose a tax on all domestically purchased oil, a tax that raises enough revenue to compensate for any oil-spill damages. c. Oil-carrying companies should be legally liable for all damages, in the courts of the countries whose national waters are polluted by the spills. d. Each coastal nation should intercept all oil tankers in national waters and charge them a fee that will cover the estimated costs of future oil spills.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter12: Environmental Protection And Negative Externalities
Section: Chapter Questions
Problem 10SCQ: Suppose a city releases 16 million gallons of raw sewage into a nearby lake. Table 12.8 shows the...
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5. Oil spills from oceangoing tankers are rare but bring huge damages to coastlines when
they occur within 200 miles of shore. Unfortunately, most tanker spills do occur on or
near coasts. Rank the following alternatives according to how efficient they are in
i jud, responding to the threat of oil spills. Explain your ranking.
a. Each nation with an endangered coastline should impose a tax on all imported oil, a
tax that raises enough revenue to compensate for any oil-spill damages.
b. Each coastal nation should impose a tax on all domestically purchased oil, a tax that
raises enough revenue to compensate for any oil-spill damages.
c. Oil-carrying companies should be legally liable for all damages, in the courts of the
countries whose national waters are polluted by the spills.
d. Each coastal nation should intercept all oil tankers in national waters and charge
them a fee that will cover the estimated costs of future oil spills.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F76121cbb-ebb8-47e2-8127-40376f0bcbd8%2F245fca33-750b-4e95-adbc-c4e08c3a0744%2Fdi46va8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:qs
abiv
30
ovo pilo
5. Oil spills from oceangoing tankers are rare but bring huge damages to coastlines when
they occur within 200 miles of shore. Unfortunately, most tanker spills do occur on or
near coasts. Rank the following alternatives according to how efficient they are in
i jud, responding to the threat of oil spills. Explain your ranking.
a. Each nation with an endangered coastline should impose a tax on all imported oil, a
tax that raises enough revenue to compensate for any oil-spill damages.
b. Each coastal nation should impose a tax on all domestically purchased oil, a tax that
raises enough revenue to compensate for any oil-spill damages.
c. Oil-carrying companies should be legally liable for all damages, in the courts of the
countries whose national waters are polluted by the spills.
d. Each coastal nation should intercept all oil tankers in national waters and charge
them a fee that will cover the estimated costs of future oil spills.
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