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Principles of Microeconomics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165905
Author: N. Gregory Mankiw
Publisher: Cengage Learning
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Question
Chapter 10, Problem 4QR
To determine
Why the economist prefers corrective tax for protecting the environment from pollution.
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What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution?
what are the corrective taxes? why do economists prefer them to regulate as a way to protect the environment from pollution?
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created or why do they exist? Why do
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Chapter 10 Solutions
Principles of Microeconomics, 7th Edition (MindTap Course List)
Ch. 10.1 - Prob. 1QQCh. 10.2 - Prob. 2QQCh. 10.3 - Prob. 3QQCh. 10 - Prob. 1CQQCh. 10 - Prob. 2CQQCh. 10 - Prob. 3CQQCh. 10 - Prob. 4CQQCh. 10 - Prob. 5CQQCh. 10 - Prob. 6CQQCh. 10 - Prob. 1QR
Ch. 10 - Prob. 2QRCh. 10 - Prob. 3QRCh. 10 - Prob. 4QRCh. 10 - Prob. 5QRCh. 10 - Prob. 6QRCh. 10 - Prob. 1PACh. 10 - Prob. 2PACh. 10 - Prob. 3PACh. 10 - Greater consumption of alcohol leads to more motor...Ch. 10 - Prob. 5PACh. 10 - The many identical residents of Whoville love...Ch. 10 - Prob. 7PACh. 10 - Prob. 8PACh. 10 - Prob. 9PACh. 10 - Prob. 10PA
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- Would environmentalists favor command-and-control policies as a way to reduce pollution? Why or why not?arrow_forwardFrom an economic perspective, is it sound policy to pursue a goal of zero pollution? Why or why not?arrow_forwardHow do economists determine the optimal amount of pollution control?arrow_forward
- What should the government set their corrective tax to if they want to eliminate 7 units of pollution?arrow_forwardWhat happens in the market for a good that pollutes the air when it is manufactured if government decides to tax its production? Will this reduce the amount of air pollution?arrow_forwardWhy do economists prefer corrective taxes and tradeable permits over command and control policies as a way to protect the environment from pollution? Explainarrow_forward
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