Macroeconomics
13th Edition
ISBN: 9780134735696
Author: PARKIN, Michael
Publisher: Pearson,
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Question
Chapter 17.2, Problem 4RQ
To determine
The influence of pollution tax and cap-and-trade to reduce the emission.
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How do taxes, pollution charges, and cap-and-trade work to reduce emissions?
When a cap-and-trade is implemented _______.
How would you distinguish between consumerism and environmentalism in terms of scope and influence?
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.
Chapter 17 Solutions
Macroeconomics
Ch. 17.1 - Prob. 1RQCh. 17.1 - Prob. 2RQCh. 17.2 - Prob. 1RQCh. 17.2 - Prob. 2RQCh. 17.2 - Prob. 3RQCh. 17.2 - Prob. 4RQCh. 17.3 - Prob. 1RQCh. 17.3 - Prob. 2RQCh. 17.3 - Prob. 3RQCh. 17.4 - Prob. 1RQ
Ch. 17.4 - Prob. 2RQCh. 17.4 - Prob. 3RQCh. 17.4 - Prob. 4RQCh. 17 - Prob. 1SPACh. 17 - Prob. 2SPACh. 17 - Prob. 3SPACh. 17 - Prob. 4SPACh. 17 - Prob. 5SPACh. 17 - Prob. 6SPACh. 17 - Prob. 7SPACh. 17 - Prob. 8SPACh. 17 - Prob. 9SPACh. 17 - Prob. 10APACh. 17 - Prob. 11APACh. 17 - Prob. 12APACh. 17 - Prob. 13APACh. 17 - Prob. 14APACh. 17 - Prob. 15APACh. 17 - Prob. 16APACh. 17 - Prob. 17APACh. 17 - Prob. 18APACh. 17 - Prob. 19APACh. 17 - Prob. 20APACh. 17 - Prob. 21APACh. 17 - Prob. 22APACh. 17 - Prob. 23APACh. 17 - Prob. 24APACh. 17 - Prob. 25APACh. 17 - Prob. 26APACh. 17 - Prob. 27APACh. 17 - Prob. 28APACh. 17 - Prob. 29APACh. 17 - Prob. 30APA
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- In what ways is pollution still a problem?arrow_forwardDefine pollution charge and will our economy be able to control pollution? Share your thoughts in a paragraph.arrow_forwardWhat are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution?arrow_forward
- Why has supply and demand failed to prevent pollution?arrow_forwardHow do taxes, pollution charges, and cap-and-trade work to reduce emissions? Taxes and pollution charges _______.arrow_forwardAre businesses in your country taking steps to achieve environmental sustainability? What are the obvious consequences of this not being addressed?arrow_forward
- What assumptions do economists make? Why does each assumption matter in environmental economics?arrow_forwardUsing a diagram, explain how a carbon tax could help reduce pollution.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
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