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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 42
MICROECONOMICS POLICY ISSUES
This road map feature helps you tie together material in the part as you travel the Economic Way of Thinking Highway. The following are review questions listed by chapter from the previous part. The key concept in each question is given for emphasis, and each question or set of questions concludes with an interactive game to reinforce the concepts. Visit cengagebrain.com to purchase the MindTap product where you can select a chapter and play the visual causation chain game designed to make learning fun. The correct answers to the multiple choice questions are given in Appendix C on the instructor's resource site.
Key Concept: Command-and-Control
An example of the command-and-control approach to environmental policy is
A) requiring electric utilities to install scrubbers to reduce sulfur dioxide emissions (which contribute to acid rain).
B) placing a tax on high-sulfur coal to reduce its use and the corresponding sulfur emissions (which contribute to acid rain).
C) allowing coal producers to buy and sell permits to allow sulfur emissions.
D) allowing individuals to sue coal producers if sulfur emissions exceed government-set standard.
Causation Chain Game
Environmental Efficiency and Effluent Taxes
This road map feature helps you tie together material in the part as you travel the Economic Way of Thinking Highway. The following are review questions listed by chapter from the previous part. The key concept in each question is given for emphasis, and each question or set of questions concludes with an interactive game to reinforce the concepts. Visit cengagebrain.com to purchase the MindTap product where you can select a chapter and play the visual causation chain game designed to make learning fun. The correct answers to the multiple choice questions are given in Appendix C on the instructor's resource site.
Key Concept: Command-and-Control
An example of the command-and-control approach to environmental policy is
A) requiring electric utilities to install scrubbers to reduce sulfur dioxide emissions (which contribute to acid rain).
B) placing a tax on high-sulfur coal to reduce its use and the corresponding sulfur emissions (which contribute to acid rain).
C) allowing coal producers to buy and sell permits to allow sulfur emissions.
D) allowing individuals to sue coal producers if sulfur emissions exceed government-set standard.
Causation Chain Game
Environmental Efficiency and Effluent Taxes
Explanation
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Verified
Incentive based regulation is a mechanis...
Economics for Today 9th Edition by Irvin Tucker
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