Economists and environmentalists agree that pollution is undesirable and that government policy should aim to achieve a zero-pollution society. a. True b. False

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 30CTQ: Would environmentalists favor command-and-control policies as a way to reduce pollution? Why or why...
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A couple of questions. Just checking my answers. 

Economists
and environmentalists agree that
pollution is undesirable and that government
policy should aim to achieve a zero-pollution
society.
O a. True
b. False
Transcribed Image Text:Economists and environmentalists agree that pollution is undesirable and that government policy should aim to achieve a zero-pollution society. O a. True b. False
A Pigouvian subsidy is:
a. designed to encourage activities
generating external benefits.
b. appropriate when the marginal social
cost curve and the marginal social
benefit curve intersect at an inefficient
level.
O c. appropriate when the marginal social
cost curve is above the marginal cost
of production curve.
d. designed to discourage activities
generating externalities.
Transcribed Image Text:A Pigouvian subsidy is: a. designed to encourage activities generating external benefits. b. appropriate when the marginal social cost curve and the marginal social benefit curve intersect at an inefficient level. O c. appropriate when the marginal social cost curve is above the marginal cost of production curve. d. designed to discourage activities generating externalities.
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