Economics: Principles & Policy
14th Edition
ISBN: 9781337696326
Author: William J. Baumol; Alan S. Blinder; John L. Solow
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 16, Problem 2DQ
(a)
To determine
The size of tax.
(b)
To determine
Determination of the size of tax on smoke emitted by an electricity plant.
(c)
To determine
Imposing tax rate in densely settled area.
(d)
To determine
The information needed to do the provisions.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Externalities
Do you think that there would be external effects associated with Water from a uranium mine leaking into Kakadu National Park? If so, what would be the nature of the external effects? Can you think of policies that might deal with each external effect (that is, improve social wellbeing)?
Is the following good a private good, a public good, a common resource, or a club good? Explain why the good is rival or non-rival and excludable or non-excludable.
An oil pipeline
Imagine you are working as a climate advisor to the federal government and they want to craft a bill to drastically reduce methane emissions in America. Which of the following policies would you recommend to them as the most effective in reducing methane?
a.
federal and state funding being directed to the western states for large scale forest management and fire prevention
b.
incentive programs to reduce meat production and consumption, while additionally subsidizing alternative diet options
c.
a nationwide waste management program focused on composting organic material to divert waste from landfills
d.
incentivizing solar panels to allow for affordable renewable energy that is competitive with market pricing for energy]
Chapter 16 Solutions
Economics: Principles & Policy
Knowledge Booster
Similar questions
- . What kind of good is it? Classify each of the following goods listed in the table below as a public good, a private good, a club good, or a common resource. Public Good Private Good Club Good Common Resource A new drone that you take turns flying with your friends A large, beautiful greenspace in a town plaza A parking spot along a residential street that is open to the publicarrow_forwardChapter 8 in Tietenberg and Lewis looks at climate change, the most important environmental issue of our time. Economists generally agree that putting a price on carbon is the best approach to reducing climate warming carbon emissions. The two main strategies for doing this are carbon taxes and the cap and trade version of emissions trading. Discuss the pros and cons to these two approaches to pricing carbon. Why do economists favor these kinds of market-based strategies to pollution control over “command and control” approaches such technology standards?arrow_forwardExplain which of the following cases are classified as (A, B, C, or D) : (A) Negative Externality of Production or (B) Negative Externality of Consumption or (C) Positive Externality of Production or (D) Positive Externality of Consumption: The corporate development of some free software to benefit students A software company that creates social media programsarrow_forward
- Explain which of the following cases are classified as (A, B, C, or D) : (A) Negative Externality of Production or (B) Negative Externality of Consumption or (C) Positive Externality of Production or (D) Positive Externality of Consumption: Almawassi village does not have a public fire department, some homeowners purchased private fire protection services to provide a positive externality to neighboring properties, which are less at risk of the protected neighbor's fire spreading to their (unprotected) house. Wakefulness due to a neighbor listening to loud music late at night. a person smoked heavily in a public place. A farmer who uses pesticides to produce vegetables A person planted ornamental trees along Salahiddeen street Creative laboratories which try to find vaccine for COVID 19 The corporate development of some free software to benefit students A software company that creates social media programs No. 2 3 4 5 6 7 8 Answerarrow_forwardExplain the difference between pure public goods and pure private goods.arrow_forwardExternalities Do you think that there would be external effects assocociated with water from a uranium mine leaking into Kakadu National Park? If so, what would be the nature of the external effects? Can you think of policies that might deal with each external effect (that is, improve social wellbeing)?arrow_forward
- Should the United States attempt to reduce air and water pollution to zero? Why or why not?arrow_forwardIn a hypothetical country, the government introduces a new policy aimed at combating global warming. As part of this policy, they impose a carbon tax of $20 per ton of CO2 emissions on industries. Prior to the tax, the country's industrial sector emits 800,000 tons of CO2 annually. After the implementation of the tax, the industrial sector reduces its emissions to 600,000 tons of CO2 annually. Calculate the following: The reduction in CO2 emissions as a result of the carbon tax. The total revenue collected by the government from the carbon tax. If the government uses all the revenue collected from the carbon tax to subsidize renewable energy projects, and each project receives $25,000, how many projects can be funded with the total revenue? (Note: Assume no other external factors influencing CO2 emissions, and all calculations are based on the data provided.)arrow_forwardFor each of the goods, identify the characteristics that describe each good. Note that each good will be described with two characteristics. Rivalrous is also referred to as rival in consumption. Consider only the immediate benefits and costs, not any externalities. National Defense Pay- Per- View Cable Television A Hot Pocket Sandwich Private Classroom Education Pajamas A unicycle Excludable Nonrivalrous Nonexcludable Rivalrousarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Microeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506893Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506756Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics (MindTap Course List)EconomicsISBN:9781337617383Author:Roger A. ArnoldPublisher:Cengage Learning
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics (MindTap Course List)
Economics
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Cengage Learning