Many economists believe that there are more efficient ways to deal with pollution than with environmental standards because these standards do NOT:
A)reduce pollution enough.
B)allow reductions in pollution to be achieved at minimum cost.
C)specify the behavior that needs to be changed.
D)target behaviors in a way that can be enforced.

Question

Quizplus · Accepted Answer

Environmental standards specify a certain level of pollution that must not be exceeded, rather than prescribing the most efficient means of achieving that level of pollution reduction. This may result in firms investing in expensive technologies or approaches to reduce pollution, when there may be more efficient and cost-effective ways to do so. By contrast, other policy mechanisms such as market-based instruments or taxes may better incentivize firms to reduce pollution in the most efficient and economical manner possible, while still achieving the desired environmental outcomes.

Many Economists Believe That There Are More Efficient Ways to Deal