When it comes to pollution,economists believe that the government must:

Question

Quizplus · Accepted Answer

Economists believe in the concept of internalizing externalities, which means that firms should be allowed to pollute as long as they bear the full cost of their pollution. This can be achieved through the implementation of a pollution tax or a cap-and-trade system, which would provide incentives for firms to reduce their pollution levels. Complete elimination of pollution is not a practical solution as it can have detrimental effects on economic growth and development. However, allowing pollution without any regulation or cost incurred by the firms is not a sustainable approach for the long run.

When It Comes to Pollution,economists Believe That the Government Must