The four categories present potential responses to environmental problems. Classify each response in the category that best matches it. It is possible that a category may end up with more than one scenario or none at all. Environmental regulations or standards Marketable or tradable pollution permits (e.g., cap- and-trade) Pollution or emissions tax Private bargaining

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: Causes Impact on the environment

A: Natural Resources: The word natural resources refer to all the resources that nature provides such…

Q: Efficiency in the presence of externalities

A: Efficiency cannot be achieved in the presence of externalities. Because in externalities someone is…

Q: The socially optimal outcome is the outcome that: Select one: a. has the most externalities. b. is…

A: The social outcome is focused on providing goods and services to be distributed among the public at…

Q: Many restaurants have chosen not to serve shark fin soup, while many others continue to serve it.…

A: Due to growing Western disapproval and a crackdown on corruption and extravagant consumption, shark…

Q: An externality Select one: a. all answers are correct b. arises when property rights don’t exist or…

A: An externality is the external cost or external benefit incurred or received by an individual who is…

Q: Which type of country would be most likely to invest heavily in environmental protection? Group of…

A: The Gross Domestic Product (GDP) per capita refers to a measure of the total amount of money earned…

Q: Discuss two ideas on how environmental challenges can create business opportunities. use your words

A: We are in the phase of a constantly changing environment. The population in the world is rising at a…

Q: Give an example of a negative externality that you have witnessed or are personally aware of. Who is…

A: One day, one of my neighbors was smoking in a public park with kids around. His smoking was…

Q: Imagine that a town of 200 people is trying to decide whether to pay for mosquito control. The town…

A: An individual's willingness to pay explains his satisfaction that he is expecting to have from a…

Q: estate agents, environmental economist and custom success manager?

A: Estate agents, environmental economist and customer success manager are different roles catering to…

Q: Refer to the figure below. This graph describes a good that:

A: There are two types of externality in economics: positive and negative. Positive externality refers…

Q: business of transactions that result in positive externalities

A: I'll explain the question to my best understanding. If there is any confusion, kindly ask in follow…

Q: There are 1,000 families in a neighborhood that is affected by noise pollution from a local factory.…

A: Public goods are the goods which are non-excludable and non-rival in nature. Non-excludability…

Q: The four categories present potential responses to environmental problems. Place each response in…

A: Command and control approach directs the environmental policy that has been imposed. It displays a…

Q: Positive externality No externality Negative externality Answer Bank The U.S. government decides to…

A:

Q: An externality is defined as: the effect of an activity undertaken outside a building rather than…

A: Market failure occurs when the allocation of services and items by a free market is not efficient.…

Q: Describe the overall tasks of being an environmental economist. Do you work independently or with…

A: An environmental economist studies and predicts the effect of environmental events on the…

Q: Individuals go for flu injection not only protect  themselves against flu but also help to prevent…

A: The vaccines that tend to provide protection against infection by viruses of influenza are known as…

Q: Discuss externalities and government policies aimed at addressing them. Please Don't use chatgpt or…

A: The question is asking us to discuss "externalities" and how government policies can address them.…

Q: Suppose you are part of an economic analysis team charged with recommending a policy response to…

A:

Q: Select the factor that would be an example of a positive externality.          a war…

A: The objective of the question is to identify which of the given scenarios is an example of a…

Q: Cap and Trade policies are among the best environmental policies being used.  However, it can be…

A: Cap and trade is an environmental strategy that joins financial aspects and environmentalism to…

Q: Mankiw Chapter 11 Question 8 The federal gov't tests the safety of car models and provides the test…

A: Public good refers to those goods that are non rivalry and non excludable in nature.

Q: How do you deal with negative externalities

A: Externalities are said to occur when the actions of one party affect another party which is not…

Q: When externalities cause markets to be inefficient (x) government action is sometimes needed to…

A: Externalities occur when the production or consumption of a good or service creates costs or…

Q: Why are externalities considered a sign of market failure?

A: Market failure occurs when there is inefficient allocation of resources in the free market.