Economics: Private and Public Choice
16th Edition
ISBN: 9781337642224
Author: James D. Gwartney; Richard L. Stroup; Russell S. Sobel
Publisher: Cengage Learning US
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Chapter ST11, Problem 4CQ
To determine
The efficiency of government regulations on resources and pollution.
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Define pollution charge and will our economy be able to control pollution? Share your thoughts in a paragraph.
In what ways is pollution still a problem?
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.
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Economics: Private and Public Choice
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- What makes water pollution relevant to the researchers?arrow_forwardA system that employs saleable licenses that permit bearers to emit limited quantities of pollutants is called: cap and trade. emission standards. O pollution quotas. the marginal social benefit to producers.arrow_forwardAbout five decades ago, when The Environment Protection Agency was created about, it decided to address pollution through command-and-control laws. These laws, draws distinctions between the needs of firms and costly equipment upgrades. were necessary as US industries had zero incentive to control pollution. were an inexpensive incentive for industrial polluters to improve performance. are given considerable credit for cleaner air and water in recent decades.arrow_forward
- What causes market failure when there is marine pollution.arrow_forwardExternalities, the Environment and Natural ResourcesOur very existence makes environmental problems inevitable. Environmental problems are not new. First, explain what is different about the attention we now give to these problems relative to an earlier period of time. Next, debate how our behavior, institutions, and evolution contributed to environmental problems.arrow_forwardTradable 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.arrow_forward
- How would you distinguish between consumerism and environmentalism in terms of scope and influence?arrow_forwardTradable pollution permits can lower the cost of reducing pollution because Group of answer choices the government standards are lower. the system is easier to setup and control. some firms can reduce pollution at a lower cost than others.arrow_forwardGive an example of a negative externality that you have witnessed or are personally aware of. Who is affected by this? What can be done to improve the situation?arrow_forward
- What are externalities; and how the government can fix itarrow_forwardA market with positive externalities will tend to _____ compared to a market producing the socially optimal output. Select one: a. produce the optimal quantity. b. produce too few c. produce too many d. randomly produce some quantityarrow_forwardHow do economists determine the optimal amount of pollution control?arrow_forward
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