Essentials of Economics (MindTap Course List)
8th Edition
ISBN: 9781337091992
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 10, Problem 4QR
To determine
Why the economist prefers corrective tax for protecting the environment from pollution.
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What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution?
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Chapter 10 Solutions
Essentials of Economics (MindTap Course List)
Ch. 10.1 - Prob. 1QQCh. 10.2 - Prob. 2QQCh. 10.3 - Prob. 3QQCh. 10 - Prob. 1CQQCh. 10 - Prob. 2CQQCh. 10 - Prob. 3CQQCh. 10 - Prob. 4CQQCh. 10 - Prob. 5CQQCh. 10 - Prob. 6CQQCh. 10 - Prob. 1QR
Ch. 10 - Prob. 2QRCh. 10 - Prob. 3QRCh. 10 - Prob. 4QRCh. 10 - Prob. 5QRCh. 10 - Prob. 6QRCh. 10 - Prob. 1PACh. 10 - Prob. 2PACh. 10 - Greater consumption of alcohol leads to more motor...Ch. 10 - Prob. 4PACh. 10 - The many identical residents of Whoville love...Ch. 10 - Prob. 6PACh. 10 - Prob. 7PACh. 10 - Prob. 8PACh. 10 - Prob. 9PA
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- Would environmentalists favor command-and-control policies as a way to reduce pollution? Why or why not?arrow_forwardFrom an economic perspective, is it sound policy to pursue a goal of zero pollution? Why or why not?arrow_forwardWhat are pollution havens? How are they created or why do they exist? Why do economists think they may change over time and develop policies to reduce pollution?arrow_forward
- How do economists determine the optimal amount of pollution control?arrow_forwardWhat 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?arrow_forwardWould environmentalists favor command-and-control policies as a way to reduce pollution?arrow_forward
- Define pollution charge and will our economy be able to control pollution? Share your thoughts in a paragraph.arrow_forwardWhat should the government set their corrective tax to if they want to eliminate 7 units of pollution?arrow_forwardWhat happens in the market for a good that pollutes the air when it is manufactured if government decides to tax its production? Will this reduce the amount of air pollution?arrow_forward
- Why do economists prefer corrective taxes and tradeable permits over command and control policies as a way to protect the environment from pollution? Explainarrow_forwardIt’s common to think that reducing pollution is necessarily costly because to reduce pollution we need to tax firms who will then produce less. But can you think of one example in which pollution might not only be unpleasant but might actually reduce production?arrow_forward
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