The race to the bottom scenario of global environmental degradation is explained roughly like this: Question 13 options: Companies seek to reduce their costs of operations on plant and equipment design and this results in higher levels of pollution. Companies seek the lowest market prices on products in order to gain market share, resulting in inferior goods and increased waste and pollution. Profit-seeking multinational companies shift their production from countries with strong environmental standards to countries with weak standards, thus reducing their costs and increasing their profits. Companies seek to influence environmental legislation standards are set to the lowest possible standards in the USA in order to maximize profits

The race to the bottom scenario of global environmental degradation is explained roughly like this: Question 13 options: Companies seek to reduce their costs of operations on plant and equipment design and this results in higher levels of pollution. Companies seek the lowest market prices on products in order to gain market share, resulting in inferior goods and increased waste and pollution. Profit-seeking multinational companies shift their production from countries with strong environmental standards to countries with weak standards, thus reducing their costs and increasing their profits. Companies seek to influence environmental legislation standards are set to the lowest possible standards in the USA in order to maximize profits

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter14: Environmental Economics

Section: Chapter Questions

Problem 9SQ

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Which of the following arguments best describes why the majority of economists would disagree with their statement? Tradable pollution permits in a free market is typically more efficient than government regulation. A corrective tax would result in a more efficient outcome than either tradable permits or government regulation would. The environment is so important that it should be protected as much as possible, regardless of the cost. Clean air is a fundamental right, and government regulation will allow too much pollution. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Free-market environmentalism has the potential to improve environmental outcomes A. Because it forces individuals to cooperate with each other toward a common goal B. Because it relies on already existing markets to address environmental issues, thereby reducing transaction costs C. Because it recognizes the importance of aligning incentives of stakeholders D. Because it rejects the constraints of the Coase Theorem E. Because its goal is to maximize corporate wealth, which promotes environmentalism and improves environmental outcomes
The four categories present potential responses to environmental problems. Place each response in the category that best matches it. It is possible that a category may end up with more than one scenario or none at all. Command‑and‑control regulation (e.g., environmental standards) Marketable or tradable pollution permits (e.g., cap‑and‑trade) Pollution or emissions tax Well‑defined property rights The government requires that auto manufacturers limit pollution to a specified threshold. An auto manufacture is charged a fee per unit of pollution emitted into a river. Auto manufactures are allowed to pollute as much as they wish, provided that they have purchased a sufficient number of pollution vouchers. The government requires that auto manufacturers use new, cleaner technology in producing cars. A steel mill pays nearby homeowners to compensate them for the noise they must put up with as a result of the steel manufacturing process.
There are actually many economic / environmental theories, some now put into practice, that protect the environment for the sake of nature and our future while still being economically productive. Such a strategy is referred to as: Question 1 options: ecologically sustainable culture gesellschaft environmental lag laissez-faire capitalism When it comes to Environmental issues world governments are beginning to recognize that: (Only one answer is true when you complete this sentence) Question 2 options: certain environmental issues such as global warming, deforestation, and overpopulation require regional, if not global, cooperation and dialogue. that someday, somewhere in the world, we will begin to experience serious food and water shortages. the the developing 3rd World countries will have to play a far more important role in world…
Which type of country would be most likely to invest heavily in environmental protection? Group of answer choices A country with low GDP per capita A country that has long-sustained high GDP per capita A country with high levels of natural resources A country that has newly achieved high GDP per capita
Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all local people to enter the parks or to injure either the elephants or their habitat in any way. In a second approach, the government sets up national parks and designates 10 villages around the edges of the park as official tourist centers that become places where tourists can stay and bases for guided tours inside the national park. Consider the different incentives of local villagers—who often are very poor—in each of these plans. Which plan seems more likely to help the elephant population?
What do you think is the best sort of public policy to deal with the following pollution problems? Options A. Direct Controls ( Regulate the amount of pollutant emitted, Ban on Emissions, issue fines and penalties to offenders, shut down the more egregious offenders.); B. Establish a CAP on total emissions on industries and issue permits to pollute that is sum is less than or equal the CAP that can be traded amount different firms. C. Tax polluters. D. Mount educational and pollution awareness and ask for voluntary compliance.
Which of the following is not considered a strength of the environmental economics approach? a. companies will be motivated to try and reduce environmental impacts to have more economic gain. b. market-based solutions offer incentives for behavioural changes that directly address the issue at hand, fostering tangible change. c. policies with significant economic costs often face rejection. d. it assigns price/ quantitative value to natural resources, making it easier to weigh the impacts and awareness on how companies/people use it. e. it tries to balance the resource that you have, whatever it may be, to use and manage it appropriately and tries not to have any negative impacts on our environment.
The comprehensive environmental laws adopted in the early 1970s in the U.S. have been referred to as: positive regulations command and control regulations control and command regulations negative regulations
Typically this kind of economic activity results in environmental harm through production and consumption externalities. When a country such as Econ Land manages to break the link between economic activity and environmental harm, it is known as ["decoupling", "uncoupling"] . Whether Econ Land has truly broken this link or not depends on the amount of ["export pollution", "import pollution"] they are responsible for, pollution in other countries resulting from the production of products consumed in the country of Econ Land.
Describe one type of negative market externality with a forest as it relates to climate change. Explain what the negative externality is and what it means for the market with no government intervention. b) Now describe two different ways the government could intervene in the market you described in the previous question. How does each government action change that market and what are those changes c) Identify two important ways that a natural resource economist can support the government interventions you have described in this question
In an attempt to bring equity to the climate change agreement, the Framework Convention on Climate Change incorporated the concept of common but differentiated responsibilities, which suggested what? Select all that apply: a. developing countries may need to hinder their growth in order to meet emission reduction goals b. responsibility for reducing emissions should be placed on large corporations rather than countries c. all countries should be responsible for the same percentage of emission reductions d. the richest countries of the world should cut emissions prior to developing countries e. countries that have contributed more to overall emissions should be responsible for more reductions

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	Companies seek to reduce their costs of operations on plant and equipment design and this results in higher levels of pollution.
	Companies seek the lowest market prices on products in order to gain market share, resulting in inferior goods and increased waste and pollution.
	Profit-seeking multinational companies shift their production from countries with strong environmental standards to countries with weak standards, thus reducing their costs and increasing their profits.
	Companies seek to influence environmental legislation standards are set to the lowest possible standards in the USA in order to maximize profits.