The comprehensive environmental laws adopted in the early 1970s in the U.S. have been referred to as: positive regulations command and control regulations control and command regulations negative regulations

Q: Market-oriented environmental tools try to provide a stronger incentive for individuals and firms to…

A: Market-oriented environmental tools: Environmental rules that are based on the market give…

Q: The laws associated with command-and-control regulations   Question 38 options:   a)  specify…

A: Environmental regulation that permits policymakers to govern both the amount and the procedure by…

Q: Why is free-riding in the context of international environmental agreements such a major problem?…

A: ANSWER STEP-1 Free rider issue is that the drawback, for international environmental agreements, as…

Q: Pollution I* Economic Development

A: Kuznet curve shows the relation between inequality and GDP growth through an inverted U shape.…

Q: Compare and contrast the different approaches to environmental policymaking

A: Environmental policymaking The term environmental policymaking means to issue laws, policies or any…

Q: Despite economists’ support of a market approach to environmental policy, the command and-control…

A: A command and control strategy, often known as a cap and trade policy, entails distributing licenses…

Q: Which type of country would be most likely to invest heavily in environmental protection? Group of…

A: The Gross Domestic Product (GDP) per capita refers to a measure of the total amount of money earned…

Q: Is there a 'zero-externality' solution when it comes to poor air quality from pig farming, being the…

A: A negative externality takes place when the process of producing commodity results in harmful,…

Q: Because of issues of rivalry and excludability, greenhouse gas emissions can BEST be called a…

A: When talking about the rivalry an excludability of any good, it can be said that these two features…

Q: Despite the logic of the Coase theorem, private actors often fail to resolve the problems caused by…

A: Externalities refer to the cost or benefit of an economic transaction incurred on a third party who…

Q: Getting a flu shot generates external benefits. Without any form of government intervention, the…

A: Getting a flue shot is a consumption activity which thereby also affects the third party…

Q: The government auctions off 600 units of pollution rights. The rights sell for $50 per unit, raising…

A: Corrective tax can be calculated by using the following formula.

Q: An external cost is: Select one: a. a cost paid by the consumer or the producer. b. the cost to…

A: External cost refer to the economic concept of uncompensated social or environmental effects. For…

Q: Explain how providing education to all children in grades K-12 provides external benefits to…

A: We show thatt the positive externality is when the bystander bears the advantage of any activity.…

Q: examples of market-oriented environmental policies.

A: Environmental policies are measures taken by the government, institution, or any other corporation…

Q: Common resources are goods that are and Select the correct answer below: non-excludable; rivalrous…

A: Answer is given below

Q: When a company is granted a patent by the U.S. government, Select one: a. a piece of general…

A: Meaning of Patents: The term patent refers to an official exclusively legal authority given by the…

Q: Consider two ways of protecting elephants from poachers in African countries. In one approach, the…

A: Property rights play an important role. Unless a person owns something and cares for it, he will not…

Q: If the government implements a cap-and-trade system to reduce pollution in a particular industry,…

A: Cap and trade system refers to a government regulatory program which is designed to limit the total…

Q: Which organization was created in 1991 to provide grants for global environment projects?  Group of…

A: Helping nations to work on the supportability of ensured region frameworks, for example, public…

Q: Provide examples of public goods or externalities that are provided successfully by market or…

A: Public goods are defined as goods that are non-rival and non-excludable in nature.

Q: Conduct an external environment analysis focusing of Macro-factors. ( using PESTLE analysis)

A: PESTLE analysis  of Macro-factors Political Factors  Political factors in the macro climate…

Q: Summarize how the first, second, and third waves of environmental policy in U.S. history differed…

A: During 17-18th centuries, the first phase of environmental regulation emerged. Environmental rules…

Q: A company that spends a huge amount of money to treat their waste and reduce a negative impact to…

A: A cost can be defined as the value of money that is spent on the manufacture of a good or service.…

Q: When consumption of a good is non-rival and excludable, the good is a. Public good Private good None…

A: Excludable: - it is a condition where a person can stop another person from using a good or service.…

Q: Compare and contrast the three major approaches to environmental policy: lawsuits,…

A: Environmental economics is the study of the economics of environmental protection and the economic…

Q: Is zero pollution possible under a marketable permits system? Why or why not?

A: Externality refers to the situation in which the act of production or consumption affects the third…

Q: All of the following are ways to cope with negative externalities blic choice ligatory controls…

A: ‘Externality’ is a cost or benefit that a person or a community receives but they have no control…

Q: …………………… requires that the potential and actual costs of pollution should be borne by the person or…

A: Product stewardship is a term for the product-centered approach for environmental protection. It…

Q: In the presence of external costs, untaxed or unregulated production is said to…

A: With external cost, the marginal social cost (MSC) cost is higher than marginal private cost (MPC)…

Q: A(n) __________ is excludable and rival. Group of answer choices common resource public good…

A: In economics excludable means one person can be barred to utilise a good on others or others can be…

Q: Why is emission mitigation is considered as a public good?

A: Emission mitigation is considered as a public good.

Q: When a corrective tax is created so that it equals the external costs linked to the production of a…

A: A corrective tax is an instrument used by the government to address market failure. Taxes increase…

Q: Old Environmental Kuznets Curve New Environmental Kuznets Curve Per Capita Income Pollution

A: : According to the environmental Kuznets curve, economic expansion initially causes environmental…

Q: Large taxes on energy companies whose production activities cause environmental damage (assume a…

A: Negative Externality: The term negative externality refers to the situation where the production…

Q: Briefly discuss some of the problems of environmental command-and-control regulations.

A: The Command and Control Regulation set the limits on the emission of pollution and commands that…

Q: Match the following with: overproduced, efficiency, underproduced, deadweight lost. 1) A negative…

A: In an economy, market efficiency refers to the ability of the firms to provide optimal amount of…

Q: Examples of element in the external environment

A: An external environment is made up of all the outside forces or pressures that affect how a company…

Q: ‘Economists have no choice but to look for various techniques to directly and indirectly elicit…

A: They include: perceptions dependent on market exchanges, inferred request works, the movement cost…

Q: A policy is cost-effective if it O results in the lowest environmental expenditures O has the…

A: Cost-Effective: The lowest possible cost to produce the commodity is called cost effective. For…

Q: Marginal social costs (MSC) will be equal to marginal private costs (MPC) when marginal external…

A: Marginal social cost(MSC) is defined as cost paid by the producer along with the external cost.

Q: Well-defined and enforced property rights O reate incentives for purchases and investments exist…

A: Well defined and enforced property rights :- Create incentives for purchases and investments…