Direct controls have traditionally been used heavily to control pollution in the United States.
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Q26: One advantage of emissions permits is that
Q27: Direct controls are considered inefficient because all
Q28: A pollution tax penalizes inefficient firms.
Q29: Although pollution is caused by a failure
Q30: Emissions permits might be called an allowance.
Q32: Taxing firms that emit pollutants is one
Q33: Taxing pollution will encourage firms to reduce
Q34: Voluntary programs, direct controls, and emissions taxes
Q35: Economic theory predicts that the price of
Q36: Direct controls work only if the legal
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