What is an example of a public policy (choose all that apply): A light rail transit route through Hamilton's downtown is approved by City Council Plastic bags are banned by the federal government for use in commercial transactions A plan to combat homelessness in the province is approved by the legislature and will be delivered to Cities in the province by the Ministry of Municipal Affairs and Housing A anti-smoking policy is developed for McMaster main campus The grocery store develops a no plastic bag policy A company decides to become a b-corp

Environmentalists in Tennessee brought suit against the Champion Paper Company of North Carolina for polluting the Pigeon River, which flows from North Carolina into eastern Tennessee. Tennessee claimed that the coffee-colored water smelled bad and would not support fishing or swimming. Environmentalists requested that the river be restored to its pristine state, or the water quality it had before the coming of industry. The Environmental Protection Agency (EPA) heard the suit and applied an efficiency standard. In other words, the EPA set limits on how much pollution the paper company could release (though this number was not zero). Adjust the following graph to indicate the negative externality. PRICE (Dollars per sheet) 2 1 10 9 Supply Demand 8 0 0 1 2 Demand 7 9 10 5 3 4 QUANTITY (Sheets of paper) Supply When the EPA imposes standards on the paper company, the quantity of paper produced will company will . The new equilibrium price is $ , and the price of paper from this per sheet…

A market that is efficient in allocating scarce resources to their best use. Which of the following markets is likely to be the most efficient without any government intervention? a) electricity in virginia (hint: Dominion Energy is a monopoly) b) retail market for gasoline c) university education d) internet service

There are actually many economic / environmental theories, some now put into practice, that protect the environment for the sake of nature and our future while still being economically productive. Such a strategy is referred to as:   Question 1 options:   ecologically sustainable culture   gesellschaft   environmental lag   laissez-faire capitalism When it comes to Environmental issues world governments are beginning to recognize that:  (Only one answer is true when you complete this sentence)   Question 2 options:   certain environmental issues such as global warming, deforestation, and overpopulation require regional, if not global, cooperation and dialogue.   that someday, somewhere in the world, we will begin to experience serious food and water shortages.   the the developing 3rd World countries will have to play a far more important role in world…

Which of the following might help to solve a free-rider problem? Select all that apply: using the political process to institute taxes to cover the cost of a public good asking fewer individuals to bear more of the cost to produce a public good to make up for free riders appealing to free riders' sense of morality and responsibility employing social pressure to encourage individuals to contribute to community projects and fundraising efforts

Which of the following statements is consistent with Charles Tiebout’s concept of competition by individuals voting with their feet? Group of answer choices Individuals elect the politicians that promise to provide them with the desired level of public goods. Individuals move to the community that provides them with the desired level of public goods. Individuals are herd-like and prefer the same level of public goods as their neighbors. Individuals do not understand what public goods are offered in a town until they move there and try it out.

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.