Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 14, Problem 13SQP
(a):
To determine
Reduction of carbon emission by command and control.
(b):
To determine
Reduction of carbon emission by effluent tax.
(c):
To determine
Reduction of carbon emission by emission trading.
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Economists offer two major potential policies to reduce our greenhouse gas emissions: pollution taxes and cap-and-trade programs.
Which do you think would be most effective at reducing emissions? Discuss the pros and cons of each, as well as the difference between the two policies.
In response to increasing concern about man made climate change, there have been a number of policy proposals. This includes:
Cap and Trade
Letting the free-market deal with the issue on its own.
Pick one of these proposals. Write a short argument for your policy proposal. Focus specifically on the issues related to market efficiency and externalities. How does your proposal address these issues.
Using a diagram, explain how a carbon tax could help reduce pollution.
Chapter 14 Solutions
Micro Economics For Today
Ch. 14.2 - Prob. 1.1GECh. 14.2 - Prob. 1.2GECh. 14.2 - Prob. 1.3GECh. 14.2 - Prob. 2.1GECh. 14.2 - Prob. 2.2GECh. 14.2 - Prob. 2.3GECh. 14.2 - Prob. 2.4GECh. 14 - Prob. 1SQPCh. 14 - Prob. 2SQPCh. 14 - Prob. 3SQP
Ch. 14 - Prob. 4SQPCh. 14 - Prob. 5SQPCh. 14 - Prob. 6SQPCh. 14 - Prob. 7SQPCh. 14 - California once proposed legislation that would...Ch. 14 - Prob. 9SQPCh. 14 - Prob. 10SQPCh. 14 - Prob. 11SQPCh. 14 - Prob. 12SQPCh. 14 - Prob. 13SQPCh. 14 - Prob. 14SQPCh. 14 - Prob. 15SQPCh. 14 - Prob. 16SQPCh. 14 - Prob. 1SQCh. 14 - Prob. 2SQCh. 14 - Prob. 3SQCh. 14 - Prob. 4SQCh. 14 - The perfectly competitive profit-maximizing firm...Ch. 14 - Prob. 6SQCh. 14 - Prob. 7SQCh. 14 - Prob. 8SQCh. 14 - Prob. 9SQCh. 14 - Prob. 10SQCh. 14 - Prob. 11SQCh. 14 - Prob. 12SQCh. 14 - Prob. 13SQCh. 14 - Prob. 14SQCh. 14 - Prob. 15SQCh. 14 - Prob. 16SQCh. 14 - Prob. 17SQCh. 14 - Prob. 18SQCh. 14 - Prob. 19SQCh. 14 - Prob. 20SQ
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- Watch Dan Miller’s TED talk, A Simple and Smart Way to Fix Climate Change, and address the following questions. (a) What is the economic root of the climate change problem, that is, why do people (firms, consumers, etc) engage in activities which imply a cost to the environment that exceeds the economic benefit? (b) How does Miller’s proposal relate to the concept, presented in class, of Pigouvian taxation? (c) How does Miller’s proposal relate to the concept of repeated interaction (i.e., repeated games)? (d) What are the main constraints stopping proposals like Miller’s from being implemented?arrow_forwardExplain why zero pollution should not be the goal for a society.arrow_forwardIn the graph below, circle the efficient level of emissions.arrow_forward
- Which of the following is an example of an externality? (x) cigarette smoke that permeates an entire restaurant (y) a flu shot that prevents a student from transmitting the virus to her roommate (z) a beautiful flower garden outside of the local post office Select one or more: a. (x), (y) and (z) b. (x) and (y) only c. (x) and (z) only d. (y) and (z) only e. (y) onlyarrow_forwardEconomists describe human-induced climate change as an ‘externality’What does this mean and how is it linked to climate change?arrow_forwardIf the government wants to reduce the burning of fossil fuels, it should impose a tax onarrow_forward
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