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Carbon dioxide emissions have been linked to worsening climate conditions. The following table lists some possible public policies aimed at reducing the amount of carbon dioxide in the air. For each policy listed, identify whether it is a command-and-control policy (regulation), tradable permit system, corrective subsidy, or corrective tax. Command- Tradable Permit and- Control Corrective Corrective Public Policy Policy System Subsidy Тах The government agrees to reimburse all factories that purchase new, emissions- reducing technology in order to provide cleaner air. The government limits total carbon-dioxide emissions by all factories to 160,000 tons per month. Each individual factory is given the right to emit 130 tons of carbon dioxide, and factories may buy and sell these rights in a marketplace. The government charges factories $340 for every ton of carbon dioxide they emit. The government orders every factory to adopt a new technology, which reduces carbon-dioxide emissions into the atmosphere.

Carbon dioxide emissions have been linked to worsening climate conditions. The following table lists some possible public policies aimed at reducing the amount of carbon dioxide in the air. For each policy listed, identify whether it is a command-and-control policy (regulation), tradable permit system, corrective subsidy, or corrective tax. Command- Tradable Permit and- Control Corrective Corrective Public Policy Policy System Subsidy Тах The government agrees to reimburse all factories that purchase new, emissions- reducing technology in order to provide cleaner air. The government limits total carbon-dioxide emissions by all factories to 160,000 tons per month. Each individual factory is given the right to emit 130 tons of carbon dioxide, and factories may buy and sell these rights in a marketplace. The government charges factories $340 for every ton of carbon dioxide they emit. The government orders every factory to adopt a new technology, which reduces carbon-dioxide emissions into the atmosphere.

Principles of Microeconomics
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter10: Externalities
Section: Chapter Questions
Problem 5PA
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4. Understanding different policy options to correct for negative externalities Carbon dioxide emissions have been linked to worsening climate conditions. The following table lists some possible public policies aimed at reducing the amount of carbon dioxide in the air. For each policy listed, identify whether it is a command-and-control policy (regulation), tradable permit system, corrective subsidy, or corrective tax. Command- and- Tradable Control Permit Corrective Corrective Public Policy Policy System Subsidy Таx The government agrees to reimburse all factories that purchase new, emissions- reducing technology in order to provide cleaner air. The government limits total carbon-dioxide emissions by all factories to 160,000 tons per month. Each individual factory is given the right to emit 130 tons of carbon dioxide, and factories may buy and sell these rights in a marketplace. The government charges factories $340 for every ton of carbon dioxide they emit. The government orders every factory to adopt a new technology, which reduces carbon-dioxide emissions into the atmosphere.
Transcribed Image Text:4. Understanding different policy options to correct for negative externalities Carbon dioxide emissions have been linked to worsening climate conditions. The following table lists some possible public policies aimed at reducing the amount of carbon dioxide in the air. For each policy listed, identify whether it is a command-and-control policy (regulation), tradable permit system, corrective subsidy, or corrective tax. Command- and- Tradable Control Permit Corrective Corrective Public Policy Policy System Subsidy Таx The government agrees to reimburse all factories that purchase new, emissions- reducing technology in order to provide cleaner air. The government limits total carbon-dioxide emissions by all factories to 160,000 tons per month. Each individual factory is given the right to emit 130 tons of carbon dioxide, and factories may buy and sell these rights in a marketplace. The government charges factories $340 for every ton of carbon dioxide they emit. The government orders every factory to adopt a new technology, which reduces carbon-dioxide emissions into the atmosphere.
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