Chapter 11: Problem 18
What is command-and-control environmental regulation?
Chapter 11: Problem 18
What is command-and-control environmental regulation?
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Get started for freeIdentify 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.
Is zero pollution an optimal goal? Why or why not?
From an economic perspective, is it sound policy to pursue a goal of zero pollution? Why or why not?
What is a pollution charge and what incentive does it provide for a firm to take external costs into account?
Recycling is a relatively inexpensive solution to much of the environmental contamination from plastics, glass, and other waste materials. Is it a sound policy to make it mandatory for everybody to recycle?
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