Your roommate going on a diet Government regulations that set an environmental

Your roommate going on a diet government regulations

This preview shows page 3 - 4 out of 4 pages.

- Your roommate going on a diet. Government regulations that set an environmental goal and dictate how the goal  will be achieved are called: - Command-and-control-regulations. People are unlikely to choose to pay extra for a low-emissions automobile,  because they: - Are better off "free-riding" on others' attempts to reduce emissions. Incentive-based regulations: -A ll of the other choices are true. If government taxes a firm which pollutes this will: - Decrease the supply of the good produced. According to  most  economists, reducing automobile emissions to zero would be: - Inefficient. Negative externalities: - Impose most of their costs on individuals other than consumers of the  polluting product. Markets for pollution rights: -  enable those who value them most to pollute. The environmental approach found in the Clean Air Act of 1990 is: -  marketable pollution permits. Which of the following statements is  true ? -  Command-and-control regulations set an environmental goal and dictate  how the goal will be achieved.
Image of page 3
As a general rule, if pollution costs are external, firms will produce: -  too much of a polluting good.
Image of page 4

You've reached the end of your free preview.

Want to read all 4 pages?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes