Suppose a political candidate criticizes a government pollution permit policy that she says lets corporations buy and sell the right to pollute. She argues that our right to breathe and the future of our planet require real regulation instead of this type of government policy. Which of the following describes why most economists would disagree with her statement? A corrective tax would result in a more efficient outcome than either tradable permits or government regulation would. A free market in tradable pollution permits is typically more efficient than government regulation. Clean air is a fundamental right, and government regulation will allow too much pollution. The environment is so important that it should be protected as much as possible, regardless of the cost.
Suppose a political candidate criticizes a government pollution permit policy that she says lets corporations buy and sell the right to pollute. She argues that our right to breathe and the future of our planet require real regulation instead of this type of government policy. Which of the following describes why most economists would disagree with her statement? A corrective tax would result in a more efficient outcome than either tradable permits or government regulation would. A free market in tradable pollution permits is typically more efficient than government regulation. Clean air is a fundamental right, and government regulation will allow too much pollution. The environment is so important that it should be protected as much as possible, regardless of the cost.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter30: Market Failure: Externalities, Public Goods, And Asymmetric Information
Section: Chapter Questions
Problem 10QP
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Suppose a political candidate criticizes a government pollution permit policy that she says lets corporations buy and sell the right to pollute. She argues that our right to breathe and the future of our planet require real regulation instead of this type of government policy.
Which of the following describes why most economists would disagree with her statement?
A corrective tax would result in a more efficient outcome than either tradable permits or government regulation would.
A free market in tradable pollution permits is typically more efficient than government regulation.
Clean air is a fundamental right, and government regulation will allow too much pollution.
The environment is so important that it should be protected as much as possible, regardless of the cost.
Expert Solution
Step 1
The political candidate's argument disputes with standard economic idea because tradable pollution permits are an economy based policy that efficiently a lot the right to pollute. While government regulation of pollution can result in the same amount of pollution as a tradable pollution permits.
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Follow-up Question
We know that lobbyists can influence campaigns, elections, and public policy. A good definition of lobbying is:
Group of answer choices
A person or group of people who are paid by the federal government to do analysis of what people in America care about so that correct public policies can be created.
The act of lawfully attempting to influence the actions, policies, or decisions of government officials
A person or group of people who talk to legislators and help them implement public policy.
A person or group of people who are paid by legislators to help them implement public policy.
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