1. According to many economists,the role of government activity in the area of p
ID: 1176595 • Letter: 1
Question
1. According to many economists,the role of government activity in the area of pollution is to:
A) reduce the level of emissions as far as possibe
B) achieve the least-cost way of reducing the level of emissions
C) achieve the efficient level of pollution by reducing the costs of polulution, which will always incease the benefits to society
D) reduce emissions whenever the marginal cost exceeds a predetermined level set by the courts.
2. A regulatory approach that establishes a level of output or activity that a business must either meet or not exeed is:
A) a tax
B) a marketable permit
C) moral suasion
D) command and control
3. As the quality of pollution emissions per period rises, the marginal cost of pollution rises.
A) true
B) false
If there is neither too little nor too much pollution, the lvel of emissions per period will be ______, and the market is _______.
A) greater than Q; inefficient
B) Q; inefficient
C) less than Q; efficient
D) Q; efficient
8. In regard to the marketable pollution permits, if the number of pollution rights available is decreased, the equilibrium price ______ and the equilibrium quantity of emissions ________.
A) decreases; decreases
B) increases; increases
C) increases; decreases
D) decreases; increases
9. marketable pollution permits reduce pollution by:
A) promting voluntary negotiations between polluters and damaged parties
B) extracting less raw material from the environment
C) exchanging licenses to discharge a specified amount of pollution into the environment
D) placing a tax on polluters equal to pollution costs
13. taxes are a more effective method of controlling pollution than the command-and-control approach in part because:
A) standards allow greater flexibility
B) standards require less information
C) standards never require the efficient level of output
D) taxes and subsides encourage innovation
14. the marginal benefit from pollution ______ as the quantity of pollution emissions ______.
A) remains constant; increases
B) decreases; increases
C) increases; increases
D) remains constant; decreases
18. the emission of pollutants ______ people by ______ other activities to be pursued at _____ costs.
A) benefits; permitting; higher
B) harms; prohibiting; lower
C) are especially beneficial to; forcing; higher
D) benefits; allowing; lower
20. the marginal cost curve for increased pollution emission levels can be read from ______ to _______ as the ______ curve for improved environmental ________.
A) right; left; supply; quantity
B) right; left; demand; quality
C) left: right; demand: quality
D) left; right; supply; quantity
22. the marginal cost of emissions curve is a marginal benefit of abatement curve when read from right to left.
A) true
B) false
25. with marketable pollution permits, if the demand for emissions shifts to the left, the equilibrium price of permits _______ and the equilibrium quantity _______.
A) increases; stays the same
B) falls; increases
C) falls; stays the same
D) increases; increases
Explanation / Answer
d a b d c a a b a c c
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