Figure 5-10 Chicken pox vaccinations for toddlers benefit society by protecting young children and by preventing an epidemic of the disease. Thus, the social benefits of chicken pox vaccinations exceed the private benefit for any quantity of vaccinations as illustrated in Figure 5-10.
-Government imposed quantitative limits on the amount of pollution firms are allowed to produce is an example of
A) the Pigovian method of pollution control.
B) command and control approach to pollution reduction.
C) Coasian solution to pollution reduction.
D) a tradable emission allowance system of pollution control.

Question

Figure 5-10  Chicken pox vaccinations for toddlers benefit society by protecting young children and by preventing an epidemic of the disease. Thus, the social benefits of chicken pox vaccinations exceed the private benefit for any quantity of vaccinations as illustrated in Figure 5-10.
-Government imposed quantitative limits on the amount of pollution firms are allowed to produce is an example of
A) the Pigovian method of pollution control. 
B) command and control approach to pollution reduction. 
C) Coasian solution to pollution reduction. 
D) a tradable emission allowance system of pollution control.

Quizplus · Accepted Answer

The command and control approach involves the government setting specific limits or standards for pollution levels that firms must adhere to, rather than using market-based solutions like taxes or tradable permits.

Figure 5-10 Chicken Pox Vaccinations for Toddlers Benefit Society