Econo X C A small city has an open space in X +=es/3d8faf7a-7f4e-423e-967d-dd440d76e4f0/5/6rnrrh/tools/assessment/items/1d065957-ec50-43fd-8ea9-...-5%TrueCommand-and-control regulation is typically more efficient than emissions taxes.Answer BankPollution taxes encourage firms to find innovative ways to remove pollution.HFirms generate the same level of pollution regardless of any pollution taxes that are imposed.With a pollution tax, firms must pay a fine if they pollute more than the legally specified amount.Q SearchResources Ex Give Up?FalseAA pollution charge and a pollution tax are the same thing.QHintG

Taxes are financial charges imposed by a government on individuals or entities for various purposes,…

Command-and-control regulation is typically more efficient than emissions taxes. Pollution taxes encourage firms to find innovative ways to remove pollution. A pollution charge and a pollution tax are the same thing. Firms generate the same level of pollution regardless of any pollution taxes that are imposed. With a pollution tax, firms must pay a fine if they pollute more than the legally specified amount.

Command-and-control regulation is typically more efficient than emissions taxes. Pollution taxes encourage firms to find innovative ways to remove pollution. A pollution charge and a pollution tax are the same thing. Firms generate the same level of pollution regardless of any pollution taxes that are imposed. With a pollution tax, firms must pay a fine if they pollute more than the legally specified amount.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Externalities can not be positive. That is, there can be a third party cost associated with the production or consumption of a good or service, but there cannot be a benefit. A) True B) False
An emissions tax on a quantity of emissions from a firm is not a command-and-control approach to reducing pollution. Why?
Summarize the effects of the Clean Air Act on U.S. air pollution.
In the market for travel, what is true about the relationship between the market equilibrium (n) and the socially optimal equilibrium (nº) amount of travel when there is zero negative externality? The market equilibrium amount of travel is greater than the socially optimal amount of travel The market equilibrium amount of travel is less than the socially optimal amount of travel The market equilibrium amount of travel is equal to socially optimal amount of travel
Q. 1
A developing country implements pollution laws for the first time. Initially, there are some relatively cheap ways to reduce pollution and results are easily evident. After twenty years, they've found that the more one reduces pollution, the higher the marginal benefit. the lower the marginal benefit. the lower the marginal cost.
Why are externalities considered a sign of market failure?
What happens in the market for a good that pollutes the air when it is manufactured if government decides to tax consumers when the product is purchased? Will this reduce the amount of air pollution?
Smokers impose negative externalities on nonsmokers. Suppose the airspace in a restaurant is a resource owned by the restaurant owner. How would the owner respond to the negative externality caused by smokers? Suppose smokers own the airspace. How would that change matters? If the government gives ownership of the air to nonsmokers, would that change matters? Explain your answer. What does a ban on smoking in the restaurant do?
An externality is a private cost or benefit that results from the production or consumption of a good or service that is external to a market. refers to production or consumption that occurs outdoors. enhances market efficiency. is a benefit or cost that affects someone who is not directly involved in the production or consumption of a good or service.
Why is the efficient level of pollution not equal to zero?
In which way could smoking exert a positive externality on others?