suppose lots of noisy restaurants that disturb their neighbors. The citizens wou

Question

suppose lots of noisy restaurants that disturb their neighbors. The citizens would like to reduce the noise level without & town has driving all of the restaurants away a) Suppose the town issues fines for exceeding noise limits. This is an example of the permit approach to pollution control. O fine-based approach to pollution control O marginal approach to pollution control. command approach to pollution control. b) Alternatively, the town decides to issue tradable "noise permits" that allow restaurants to make a certain amount of noise each night This is an example of the command approach to pollution control. O market based approach to pollution control. O marginal approach to pollution control. O control based approach to pollution control c) Suppose there are six restaurants making the same amount of noise each night, but the town would like to get the number down to three. CE TO EBEI proach s lieyto work beter fine-based tradeable permit Prex 6 of 9Next 3 @+] 70-251-003 DELL

Explanation / Answer

Ans:

1) Fine based approach to pollution control.

If fines are collected for emitting pollution above a specified limits it is called a fine based approach to pollution control.

2) Market based approach to pollution control.

Under market based approach to pollution control , tradable permits are issued which allow to make a certain amount of pollution.

3) Tradable permit approach.

Tradable permit approach will work better in decreasing the number of restaurants.

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