Chapter 12: Problem 30
Would environmentalists favor command-andcontrol policies as a way to reduce pollution? Why or why not?
Chapter 12: Problem 30
Would environmentalists favor command-andcontrol policies as a way to reduce pollution? Why or why not?
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Get started for freeA city currently emits 16 million gallons (MG) of raw sewage into a lake that is beside the city. Table 12.13 shows the total costs (TC) in thousands of dollars of cleaning up the sewage to different levels, together with the total benefits (TB) of doing so. Benefits include environmental, recreational, health, and industrial benefits. a. Using the information in Table 12.13 calculate the marginal costs and marginal benefits of reducing sewage emissions for this city. b. What is the optimal level of sewage for this city? How can you tell?
Identify the following situations as an example of a negative or a positive externality: a. You are a birder (bird watcher), and your neighbor has put up several birdhouses in the yard as well as planting trees and flowers that attract birds. b. Your neighbor paints his house a hideous color. c. Investments in private education raise your country's standard of living. d. Trash dumped upstream flows downstream right past your home. e. Your roommate is a smoker, but you are a nonsmoker.
Consider two approaches to reducing emissions of \(\mathrm{CO}_{2}\) into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermined technologies. In the second approach, the U.S. government determines which technologies are cleaner and subsidizes their use. Of the two approaches, which is the command-and-control policy?
What is command-and-control environmental regulation?
Can extreme levels of pollution hurt the economic development of a high-income country? Why or why not?
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