The race to the bottom scenario of global environmental degradation is explained roughly like this:   Question 13 options:   Companies seek to reduce their costs of operations on plant and equipment design and this results in higher levels of pollution.   Companies seek the lowest market prices on products in order to gain market share, resulting in inferior goods and increased waste and pollution.   Profit-seeking multinational companies shift their production from countries with strong environmental standards to countries with weak standards, thus reducing their costs and increasing their profits.   Companies seek to influence environmental legislation standards are set to the lowest possible standards in the USA in order to maximize profits

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Q: For a mixed good with an external benefit, a free market would produce than than the marginal the…

A: 3) A mixed good with external benefit would be considered as a good having positive externality.

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A: Market-oriented environmental tools: Environmental rules that are based on the market give…

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Q: Discuss the free-riding concept as it pertains to international environmental agreements.

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A:

Q: Both public goods and common resources are excludable. nonexcludable. nonrival in consumption. rival…

A:

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

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Q: public good is defined as a good or service

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A: Non rival goods are the goods whose consumption by one additional individual does not reduce the…

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A: In an attempt to bring equity to the climate change agreement, the Framework Convention on Climate…

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A: When the output is socially optimal, the marginal social costs (MSC) and marginal social benefits…

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A: The total abatement cost (TAC) is the total cost of reducing pollution or other negative…

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Q: Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E):…

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Q: The free rider problem arises when a good is O both rival and non-excludable; rival O…

A: Public good refers to the good that non- excludable and non rival in consumption. Free rider problem…

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Q: Following section 11.8 from the textbook, in no more than 40 words and without any titles or…

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Policy Instruments for Environmental protection

Policy Instruments for Environmental Protection link policy development and decision making to policy implementation to protect the environment and promote sustainable development. Economic growth brings great risk to the environment and often puts increased pressure on environmental resources. But it is the responsibility of the policymakers to ensure that the risk caused to the environment through developmental projects is kept in check. Environmental protection is central to sustainable development. They can be both beneficial and equitable. Environment protection policies can be used to deter environmentally damaging activities. They also improve social equity and raise revenue.