Polices for environmental externalities
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:
1. What two policies could you use to reduce the total amount of emissions?
2. Why do you think they each would work?
3. What would the benefits of each action be (besides emissions reduction)?
4. What would the costs of each action be?
5. How would you decide what was the best level of emission reduction?
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- Policies.doc
Sometimes market activities (production, buying, and selling) have unintended positive or
negative effects outside the market's scope. These are called externalities. As a policy maker
concerned with correcting the effects of gases and particulates emitted by and local power plant,
answer the following questions:
1. What two policies could you use to reduce the total amount of emissions?
2. Why do you think they each would work?
3. What would the benefits of each action be (besides emissions reduction)?
4. What would the costs of each action be?
5. How would you decide what was the best level of emission reduction?
"thank you Cecelia, because I didnt understand the whole concept, thank you for making it clearer."
"thank you"
"The feedback is excellent and I read all the material. After that my guess is that the answer is True but I want to be sure and now I won't know unless I get it wrong on my homework. Then I will have to come back and submit the question again and ask why?"
"Thank you for your assistance. Did you also review the second attachment with answers?"
"Thank you!"