Which of the following arguments best describes why the majority of economists would disagree with their statement? Tradable pollution permits in a free market is typically more efficient than government regulation. A corrective tax would result in a more efficient outcome than either tradable permits or government regulation would. The environment is so important that it should be protected as much as possible, regardless of the cost. Clean air is a fundamental right, and government regulation will allow too much pollution. Note:-
Which of the following arguments best describes why the majority of economists would disagree with their statement? Tradable pollution permits in a free market is typically more efficient than government regulation. A corrective tax would result in a more efficient outcome than either tradable permits or government regulation would. The environment is so important that it should be protected as much as possible, regardless of the cost. Clean air is a fundamental right, and government regulation will allow too much pollution. Note:-
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Externalities
Section: Chapter Questions
Problem 8PA
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Which of the following arguments best describes why the majority of economists would disagree with their statement? Tradable pollution permits in a free market is typically more efficient than government regulation. A corrective tax would result in a more efficient outcome than either tradable permits or government regulation would. The environment is so important that it should be protected as much as possible, regardless of the cost. Clean air is a fundamental right, and government regulation will allow too much pollution.
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