It has been proposed that a government agency be charged with the responsibility for determining the amount of pollution that the atmosphere or a body of water can safely recycle, and selling these limited rights to polluters. From an economist's perspective, what would be the advantage of such a market for pollution rights?
A) Government agencies can make a great deal of money.
B) Pollution would be eliminated because nobody would want to pay for such a right.
C) The quality of water or air can be maintained at some acceptable standard through economic incentives.
D) The social consciousness of people would be raised as they obtain more appreciation for the importance of conservation.
Correct Answer:
Verified
Q2: Which is an example of a market
Q3: Wendy claims that the right mix of
Q4: Q5: Which of the following statements is correct Q6: Mandated reductions in tailpipe emissions from automobiles Q7: "Cap-and-trade" programs: Q9: Suppose the government imposed a carbon tax Q10: The rationale for ability-to-pay taxation and the Q11: Payroll taxes (Social Security and Medicare) are: Q12: Cap-and-trade programs create a market for the
A) create a market for pollution
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents