Cap and Trade policies are among the best environmental policies being used.  However, it can be argued that they allow inefficient, high polluting sources to continue polluting.  Is there a better way?  What changes if any, would you make if you were the head of the EPA (Environment Protection Agency).

Q: Problem 3: Tradable Permits There are three major ferry lines operating on the East River, each…

A: The following problem has been solved as follows:

Q: Comment on the free rider problem in the context of global climate agreements.

A: Free rider problem in the context of global climatic agreements according to economists is treated…

Q: What makes water pollution relevant to the researchers?

A: Answer - Water Pollution - It is the contamination of water environment or water body due to direct…

Q: Despite economists’ support of a market approach to environmental policy, the command and-control…

A: A command and control strategy, often known as a cap and trade policy, entails distributing licenses…

Q: In a market without environmental regulations, will the supply curve for a firm account for private…

A: ANS In the absence of environmental regulations a firm is allowed to emit pollution without any…

Q: What do you think is the best sort of public policy to deal with the following pollution problems?…

A: Let us understand the solution step by step: In economics, the pollution problem refers to problems…

Q: How do environmental challenges pose a threat to fashion industry and to the country where it…

A: This behavior has a tremendous environmental impact: the clothing and textile business depletes…

Q: There are costs/effects associated with pollution control. Discuss two costs to the U.S economy. In…

A: Externalities refers to the spillover effects of one person economic activities to another's…

Q: Which school subjects would have have use for when being a environmental economist?

A: The environmental economics would be the field of social science which would result in the…

Q: Consider the main approaches to environmental policy— lawsuits, command-and-control laws and…

A: Any measures being taken by the government or any other private organization with respect to the…

Q: What are the economic benefits of Hawaii's water pollution policy?

A: Water pollution is pollution that occurs when harmful substances mix in the water bodies.

Q: Think of one environmental problem that you would like to see solved. From what you’ve learned about…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Is it true that some environmental analysts think that the latest war in Iraq was related in part to…

A: Iraq remains a destablishing influence to the flow of oil to the international markets from the…

Q: (microeconomics course) As the extent of environmental protection expands, would you expect marginal…

A: Marginal cost is the additional cost incurred with the cost of production of addition unit. Marginal…

Q: How many dollars in subsidies have gone to fossil fuels (oil, coal, and natural gas) for every…

A: Texas's energy demand is changing. Low prices also helped natural gas become the primary energy…

Q: How do​ taxes, pollution​ charges, and​ cap-and-trade work to reduce​ emissions?

A: Carbon emissions are harmful for all the beings living in the environment. It is very important to…

Q: Both Wisconsin and Michigan border Lake Michigan. The lake is becoming polluted and both states are…

A: Cleaning of polluted lake will rise the positive externalities and society will benefit from it .

Q: Why is air pollution a matter of ethics?

A: Ethics or moral philosophy is a branch of philosophy that involves systematizing, defending, and…

Q: Where does the untied states get the majority of our gasoline?

A:

Q: What would be the optimal emission standards for each industry and what would be the abatement costs…

A:

Q: These two situations have arisen: Agricultural technologies become available that if used reduce…

A: Externality is an economic term referring to the cost (negative) or benefit (positive) caused by a…

Q: cap-and-trade and windfall profits A city called Seoul is suffering from high concentrations of…

A: A government regulative programme to limit, or cap, the entire amount of emissions of specific…

Q: Why does water river pollution needs to be addressed as soon as possible

A: The major source of the pollution in the rivers is the flow of different chemical fertilizers which…

Q: Describe the overall tasks of being an environmental economist. Do you work independently or with…

A: An environmental economist studies and predicts the effect of environmental events on the…

Q: Happiness, human rights, justice and equality are few of the ideas in ethics that have certain…

A:

Q: Firm A currently dumps 243 tons of chemicals into the local river. Firm B currently dumps 126 tons…

A: Pollution permits refer to the rights that are legally given to polluting to a certain amount.…

Q: (External Costs with Variable Technology) Think of an industry that pollutes the water and has…

A: When a third party receives benefits or costs while consuming or producing a good or service it is…

Q: A polluter has abatement costs given by MAC = 405-0.15E, and the emissions cause damages given by MD…

A: The expense made when producing goods and services in an economy is known as the cost. It implies…

Q: How can we measure production related benefits of reducing pollution or environmental improvement?

A: Reducing the pollution is very much important for the environmental improvement and have better…

Q: Mankiw Chapter 11 Question 8 The federal gov't tests the safety of car models and provides the test…

A: Public good refers to those goods that are non rivalry and non excludable in nature.

Q: examples that the level of pollution or resource use is lower when the correct economic principles…

A: Economic efficiency implies an economic state in which every resource is optimally allocated to…

Q: Explain the process of environmental analysis before establishing a business.

A: Explain the process of environmental analysis before establishing a business. Answer: Businesses are…

Q: How would you distinguish between consumerism and environmentalism in terms of scope and influence?

A: Consumerism is associate organized movement of people and government agencies, to boost the rights…

Q: Should the government intervene in setting regulations to increase security and help the…

A: Government intervention refers to the intervention when the market is not in equilibrium. Government…

Q: What are the 6 criteria pollutants? Are carbon emissions regulated in the United States? Identify…

A: The Clean Air Act empowers the Environmental Protection Agency (EPA) to regulate air pollution…

Q: Imagine there are 10 factories on the riverbank. They compete with each other and so want to keep…

A: In cases of common property resources, or natural resources are neglected. While decreasing the cost…

Q: The government wants to reduce total pollution from 180 units to 120 units. To be fair, it requires…

A: Given the pollution reduction by = 60 Number of firms = 3 Each firm reduces the pollution = 20 units