Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Chapter 14, Problem 17SQ
To determine
The command and control policy.
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What is the expected economic impact of
implementing strict environmental
regulations on heavily polluting industries?
A. It leads to increased short-term
profitability for these industries.
B. It generally causes operational costs to
rise, potentially leading to higher prices for
consumers.
C. It significantly boosts employment in all
sectors of the economy.
D. It has no impact on the market behavior of
affected industries.
Tradable pollution permits a. set the price of pollution. b. set the quantity of pollution. c. determine the demand for pollution rights. d. reduce the incentive for technological innovations to further reduce pollution.
When studying pollution and the environment, economists
A) emphasize costs and benefits.
B) attempt to reduce pollution at all costs.
C) think pollution is good if it occurs when production takes place.
D) have no role to play.
E) concentrate on the physical aspects of the environment.
Chapter 14 Solutions
Micro Economics For Today
Ch. 14.2 - Prob. 1.1GECh. 14.2 - Prob. 1.2GECh. 14.2 - Prob. 1.3GECh. 14.2 - Prob. 2.1GECh. 14.2 - Prob. 2.2GECh. 14.2 - Prob. 2.3GECh. 14.2 - Prob. 2.4GECh. 14 - Prob. 1SQPCh. 14 - Prob. 2SQPCh. 14 - Prob. 3SQP
Ch. 14 - Prob. 4SQPCh. 14 - Prob. 5SQPCh. 14 - Prob. 6SQPCh. 14 - Prob. 7SQPCh. 14 - California once proposed legislation that would...Ch. 14 - Prob. 9SQPCh. 14 - Prob. 10SQPCh. 14 - Prob. 11SQPCh. 14 - Prob. 12SQPCh. 14 - Prob. 13SQPCh. 14 - Prob. 14SQPCh. 14 - Prob. 15SQPCh. 14 - Prob. 16SQPCh. 14 - Prob. 1SQCh. 14 - Prob. 2SQCh. 14 - Prob. 3SQCh. 14 - Prob. 4SQCh. 14 - The perfectly competitive profit-maximizing firm...Ch. 14 - Prob. 6SQCh. 14 - Prob. 7SQCh. 14 - Prob. 8SQCh. 14 - Prob. 9SQCh. 14 - Prob. 10SQCh. 14 - Prob. 11SQCh. 14 - Prob. 12SQCh. 14 - Prob. 13SQCh. 14 - Prob. 14SQCh. 14 - Prob. 15SQCh. 14 - Prob. 16SQCh. 14 - Prob. 17SQCh. 14 - Prob. 18SQCh. 14 - Prob. 19SQCh. 14 - Prob. 20SQ
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- Is zero pollution possible under a marketable permits system? Why or why not?arrow_forward34. what are some proms and cons of being an environmental economist?arrow_forwardThe following companies all manufacture widgets and dump tons of glop into the air. Manufacturer Cost to clean up 1 ton of glop Current contribution to overall pollution (tons of glop) 200 Polluters-R-Us Smog Brothers, Inc. Really Dirty Industries 0 $ 70 100 30 The government wants to halve total pollution but does not know how much it will cost each company. the government employs a tradable permit scheme in which it gives the same number of permits to each manufacturer at no cost, the total cost of cleanup for Smog Brothers, Inc., after the exchange of permits, is $ 7,000 6,000 13,000 200 200arrow_forward
- Many economists would consider an efficient level of pollution control to occur where the marginal benefit of reducing pollution is ____________ the marginal cost of reducing pollution. a. greater than b. equal to c. less thanarrow_forwardDefine pollution charge and will our economy be able to control pollution? Share your thoughts in a paragraph.arrow_forwardWhat assumptions do economists make? Why does each assumption matter in environmental economics?arrow_forward
- Cap and Trade policies are among the best environmental policies being used. However, it can be argued that they allow inefficient, high polluting sources to continue polluting. Is there a better way? What changes if any, would you make if you were the head of the EPA (Environment Protection Agency).arrow_forwardWhat are some pros and cons of being an environmental economist?arrow_forwardWhich one does not belong to the externalities contributed by oil? a. Emissions that pollute the environment. b. National security c. Hydrocarbons that potentially contribute to climate d. Mercury emission from burning oil to produce electricity.arrow_forward
- Which of the following describes the effect of an optimal tax on pollution?Select one:a. a benevolent social planner is able to maximize productionb. producers choose not to produce any pollutionc. the value to consumers at market equilibrium exceeds the cost of production (including tax)d. producers internalize the cost of the pollutionarrow_forwardcap and trade Review The government wants to reduce total pollution from 180 units to 120 units. To be fair, it requires the each firm reduce their pollution by 20 units each. The total cost of the reduction is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $1350 b. $900 $1500 $1200arrow_forwardHow do we describe the costs of reducing environmental pollution?arrow_forward
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