Some observers believe that the current 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 lower costs reduce greater amounts of pollution than those with higher costs. True O False Which of the following statements is true about command-and-control approaches to reducing pollutions? Check all that apply. Command-and-control approaches are generally unable to target the firms that should undertake bigger reductions. Command-and-control approaches are efficient because they ensure each firm reduces the mandated amount of pollution. Command-and-control approaches often rely on uniform reductions among firms. 1 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. The government does not have to figure out which firms can reduce pollution the most. With corrective taxes or tradable pollution rights, firms spend less in research on pollution control. O Corrective taxes or tradable pollution rights give firms greater incentives to reduce pollution.

Some observers believe that the current 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 lower costs reduce greater amounts of pollution than those with higher costs. True O False Which of the following statements is true about command-and-control approaches to reducing pollutions? Check all that apply. Command-and-control approaches are generally unable to target the firms that should undertake bigger reductions. Command-and-control approaches are efficient because they ensure each firm reduces the mandated amount of pollution. Command-and-control approaches often rely on uniform reductions among firms. 1 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. The government does not have to figure out which firms can reduce pollution the most. With corrective taxes or tradable pollution rights, firms spend less in research on pollution control. O Corrective taxes or tradable pollution rights give firms greater incentives to reduce pollution.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Externalities

Section: Chapter Questions

Problem 4PA

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Question

Some observers believe that the current 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 lower costs reduce greater amounts of
pollution than those with higher costs.
O True
O False
Which of the following statements is true about command-and-control approaches to reducing pollutions? Check all that apply.
Command-and-control approaches are generally unable to target the firms that should undertake bigger reductions.
Command-and-control approaches are efficient because they ensure each firm reduces the mandated amount of pollution.
O Command-and-control approaches often rely on uniform reductions among 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.
The government does not have to figure out which firms can reduce pollution the most.
O With corrective taxes or tradable pollution rights, firms spend less in research on pollution control.
Corrective taxes or tradable pollution rights give firms greater incentives to reduce pollution.

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