True or False. The efficient way to reduce pollution is to impose strict environmental standards on all polluters.
False..the efficient way to reduce pollution is to use a more market based approach such as issuing pollution permits that are tradable. This allows firms with lower abatement cost to reduce more pollution than firms with high abatement cost, thereby achieving cost effectiveness
True or False. The efficient way to reduce pollution is to impose strict environmental standards on...
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.
The best way to achieve better environmental and labor standards in developing nations is to: 1. negotiate strict standards in free trade agreements 2. poor countries should copy the standards of rich countries 3. rich countries should lower their tariff barriers to give greater access to the exports of poor countries 4. boycott the products of companies that appear to be violating the standards 5. prevent companies in developing nations from closing plants and moving them to poor countries
8. Problems and Applications Q8Suppose that the government decides to issue tradable permits for a certain form of pollution.True or False: It is more economically efficient in the market for pollution for the government to distribute the tradable permits than to auction them off.TrueFalseTrue or False: If the government chooses to distribute the permits, the allocation of permits among firms does not matter for efficiency, but it would affect the distribution of wealth.TrueFalse
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...
True or False? Reducing dividend payments is one way to reduce a firm's reliance on external funding.
The socially efficient scale of a public project or regulation to reduce emissions is determined where the supply curve intersects the demand curve True O False When it comes to determining the appropriate environmental project to select, the environment link(s) benefit-cost analysis to our theoretical model of the economics of the O socially efficient scale O equimarginal principle social discount rate O economies of scale Cost-effectiveness analysis is not concerned with achieving the socially efficient scale; instead it is concerned...
An example of a strict liability crime is robbery. True False
st 3 ing: 1:44:02 Save balmi13r16.141 Direct controls that impose equal percentage reductions in emissions on all firms in the area a. impose the same costs on all firms. b. minimize the cost of pollution reduction. c. are the fairest way to distribute the burden d. penalize firms that have already incurred some costs to reduce pollution.
Discuss the reasons why using trade barriers will enforce labor or environmental standards maybe efficient thannother measures. cancel this question thanks
Suppose the government wants to reduce the total pollution emitted by three firms In Rs brea. 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 goverment can choose between the following two methods. Method 1: The government sets pollution standards. Method 2: The government allocates tradable pollution permits. Compare the two...