Suppose the Environmental Protection Agency (EPA) wants to mandate that all methane emissions must be reduced to zero in order to alleviate globalwarming in the United States.Which of the following describes why most economists would disagree with this policy?O The opportunity cost of zero pollution is much higher than its benefit.O The environment isn't worth protecting.O Reducing methane emissions is desirable, but whatever levels of pollution firms decide to emit privately are already efficient.O Society would not benefit from lower air pollution.

Opportunity cost is giving up some benefits from the next best choice. It is a cost of the trade-off…

Suppose the Environmental Protection Agency (EPA) wants to mandate that all methane emissions must be reduced to zero in order to alleviate global warming in the United States. Which of the following describes why most economists would disagree with this policy? The opportunity cost of zero pollution is much higher than its benefit. O The environment isn't worth protecting. Reducing methane emissions is desirable, but whatever levels of pollution firms decide to emit privately are already efficient. O Society would not benefit from lower air pollution.

Suppose the Environmental Protection Agency (EPA) wants to mandate that all methane emissions must be reduced to zero in order to alleviate global warming in the United States. Which of the following describes why most economists would disagree with this policy? The opportunity cost of zero pollution is much higher than its benefit. O The environment isn't worth protecting. Reducing methane emissions is desirable, but whatever levels of pollution firms decide to emit privately are already efficient. O Society would not benefit from lower air pollution.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 12SCQ: Consider the case of global environmental problems that spill across international borders as a...

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