With tradable permits, high polluters face a (the) ________cost of pollution reduction than low polluting firms...
With tradable permits, high polluters face a (the) ________cost of pollution reduction than low polluting firms and decrease emissions at a (the) _________than with reguation.
a. same; lower
b. lower; higher
c. higher; same
d. higher lower
(side note: confirmed that lower higher is not the right answer. so it is either a, c, or d
Homework Answers
Option D is correct. Instruments tradable permits aimed at reducing pollution. A maximum permissible emission rate is determined by the government and permits to allow the production of maximum emission are issued to industry players.
Firms polluting firms will face a higher cost for pollution reduction than the low polluting firms. But the decrease in the emission at the lower level because the pollution by the firm in a large quantity.
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With tradable permits, high polluters face a (the) ________cost
of pollution reduction than low polluting firms...
Tradable pollution permits can lower the cost of reducing pollution because some firms can reduce pollution...
Tradable pollution permits can lower the cost of reducing pollution because some firms can reduce pollution at a lower cost than others. the system is easier to setup and control. It imposes strict mandates for firms the government standards are lower.
7. Suppose a government decides to iss ue a limited number of tradable pollution permlilts Which...
7. Suppose a government decides to iss ue a limited number of tradable pollution permlilts Which of the following statements is true? A. Firms that can easily and at low cost reduce their level of pollution will find it beneficial B. to purchase these tradable pollution permits. When the government issues these tradable pollution permits, it effectively creates a market for the right to pollute. C. Firms that sell their tradable pollution permits do not fully understand the costs th...
correcting for negative externalities-regulation versus tradable permits 5. Correcting for negative externalities - Regulation versus tradable...
correcting for negative externalities-regulation versus
tradable permits
5. Correcting for negative externalities - Regulation versus tradable permits Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. If the government wants to reduce total pollution in the area to 6 units, it can choose between the following two methods: Available Methods to Reduce Pollution 1. The government...
7. Correcting for negative externalities - Taxes versus tradable permits Power stations emit sulfur dioxide as...
7. Correcting for negative externalities - Taxes versus tradable permits Power stations emit sulfur dioxide as a waste product. This generates a cost to society that is not paid for by the firm, therefore, pollution is a negative externality of power production Suppose the U.S. government wants to correct this market failure by getting firms to internalize the cost of pollution. To do this, the government can charge firms for pollution rights the right to emit a given quantity of...
Due to the concept that economist call asymmetric information, polluting firms can mislead regulators regarding the cost...
Due to the concept that economist call asymmetric information, polluting firms can mislead regulators regarding the costs of abatement. It is often in the interest of polluting firms to _________ the costs abatement so that the regulated target for emissions is _______ than the socially efficient level. Group of answer choices A. understate; lower B. understate; higher C. overstate; lower D. overstate; higher
HELP ME ASAP!!! 13. Correcting for negative externalities - Taxes versus tradable permits Paper factories emit che...
HELP ME ASAP!!!
13. Correcting for negative externalities - Taxes versus tradable permits Paper factories emit chemicals as a waste product. This generates a cost to society that is not paid for by the firm; therefore, pollution is a negative externality of paper production. Suppose the U.S. government wants to correct this market failure by getting firms to internalize the cost of pollution To do this, the government can charge firms for pollution rights (the right to emit a given...
Correcting for negative externalities - Taxes versus tradable permits Power stations emit sulfur dioxide as a...
Correcting for negative externalities - Taxes versus
tradable permits
Power stations emit sulfur dioxide as a waste product. This
generates a cost to society that is not paid for by the firm;
therefore, pollution is a negative externality of power production.
Suppose the U.S. government wants to correct this market failure by
getting firms to internalize the cost of pollution. To do this, the
government can charge firms for pollution rights (the right to emit
a given quantity of sulfur...
7. Correcting for negative externalities - Taxes versus tradable permits Power stations emit sulfur dioxide as...
7. Correcting for negative externalities - Taxes versus tradable permits Power stations emit sulfur dioxide as a waste product. This generates a cost to society that is not paid for by the firm; therefore, pollution is a negative externality of power production. Suppose the U.S. government wants to correct this market failure by getting firms to internalize the cost of pollution. To do this, the government can charge firms for pollution rights (the right to emit a given quantity of...
5. Environmental standards versus tradable permits Aa Aa Suppose the government wants to reduce the total...
5. Environmental standards versus tradable permits Aa Aa Suppose the government wants to reduce the total pollution emitted by three firms in its area. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. The government wants to reduce total pollution in the area to 6 units. In order to do so, the government can choose between the following two methods. Method 1: The government sets pollution standards. Method 2: The...
Correcting for negative externalities - Regulation versus tradable permits
Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. If the government wants to reduce total pollution in the area to 6 units, it can choose between the following two methods:Available Methods to Reduce Pollution1.The government sets pollution standards using regulation.2.The government allocates tradable pollution permits.Each firm faces different costs, so reducing pollution is more difficult...
Tradable pollution permits can lower the cost of reducing pollution because some firms can reduce pollution at a lower cost than others. the system is easier to setup and control. It imposes strict mandates for firms the government standards are lower.
7. Suppose a government decides to iss ue a limited number of tradable pollution permlilts Which of the following statements is true? A. Firms that can easily and at low cost reduce their level of pollution will find it beneficial B. to purchase these tradable pollution permits. When the government issues these tradable pollution permits, it effectively creates a market for the right to pollute. C. Firms that sell their tradable pollution permits do not fully understand the costs th...
correcting for negative externalities-regulation versus
tradable permits
5. Correcting for negative externalities - Regulation versus tradable permits Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. If the government wants to reduce total pollution in the area to 6 units, it can choose between the following two methods: Available Methods to Reduce Pollution 1. The government...
7. Correcting for negative externalities - Taxes versus tradable permits Power stations emit sulfur dioxide as a waste product. This generates a cost to society that is not paid for by the firm, therefore, pollution is a negative externality of power production Suppose the U.S. government wants to correct this market failure by getting firms to internalize the cost of pollution. To do this, the government can charge firms for pollution rights the right to emit a given quantity of...
HELP ME ASAP!!!
13. Correcting for negative externalities - Taxes versus tradable permits Paper factories emit chemicals as a waste product. This generates a cost to society that is not paid for by the firm; therefore, pollution is a negative externality of paper production. Suppose the U.S. government wants to correct this market failure by getting firms to internalize the cost of pollution To do this, the government can charge firms for pollution rights (the right to emit a given...
Correcting for negative externalities - Taxes versus
tradable permits
Power stations emit sulfur dioxide as a waste product. This
generates a cost to society that is not paid for by the firm;
therefore, pollution is a negative externality of power production.
Suppose the U.S. government wants to correct this market failure by
getting firms to internalize the cost of pollution. To do this, the
government can charge firms for pollution rights (the right to emit
a given quantity of sulfur...
7. Correcting for negative externalities - Taxes versus tradable permits Power stations emit sulfur dioxide as a waste product. This generates a cost to society that is not paid for by the firm; therefore, pollution is a negative externality of power production. Suppose the U.S. government wants to correct this market failure by getting firms to internalize the cost of pollution. To do this, the government can charge firms for pollution rights (the right to emit a given quantity of...
5. Environmental standards versus tradable permits Aa Aa Suppose the government wants to reduce the total pollution emitted by three firms in its area. Currently, each firm is creating 4 units of pollution in the area, for a total of 12 pollution units. The government wants to reduce total pollution in the area to 6 units. In order to do so, the government can choose between the following two methods. Method 1: The government sets pollution standards. Method 2: The...
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