Exam 12: Environmental Protection and Negative Externalities

Environmentalist groups tend to prefer _______ to _______.

Briefly discuss how different income levels and political preferences will likely affect choices about allocative efficiency and productive efficiency in a global context.

A pollution charge is a form of tax imposed on

Two logging companies are deciding whether or not to cut down a significant portion of a particular forest that both have access too. Both companies understand the environmental consequences of their actions, knowing that they are trading off higher profits for a better outcome from society's point of view. The payoffs facing these companies are given in the table below. From the table, we know that the outcome of this game will beneither Company choosing to cut the forest

Which of the following is an example of economic output that can injure the environment?

A beekeeper decides to locate her business on a plot of land that is between an apple orchard and an elementary school. A positive externality that can result is

The objective of imposing a higher pollution tax is to

Why would a typical U.S. business fail to take the social costs of pollution into consideration during the development of their operating strategies?

Because of the nature of the comprehensive environmental laws adopted during the late 1960s and early 1970s by the United States government, these laws are typically referred to as _______.

When making decisions about what safety systems should be required in cars or airplanes, the will only approve rules where the estimated cost per life saved is _______ Or less.

Some economists argue that if privately owned firms were required to pay the social costs of their pollution, the result would be:

The challenge of preserving biodiversity,

Which of the following would an economist identify as a difficulty relating to environmental command-control regulations?

A study by the Environmental Protection Agency looked at the costs and benefits of the Clean Air Act from 1970 to 1990. This study found that a middle-range estimate of the health and other benefits from cleaner air was $22 trillion. This amount was about _______ than the costs of reducing the pollution.

The main categories of market-oriented approaches to pollution control are

Bringing the nations of the world to act together in addressing environmental issues that spill over national borders requires _______ between countries with _______.

The comprehensive environmental laws adopted during the late 1960s and early 1970s by the United States government

If a government chooses a system of marketable permits as its environmental managing tool, the reduction in pollution will

Bulgaria primarily produces two goods, nesting dolls and grapes. The production of both goods primarily requires labor. The following table shows possible combinations of nesting dolls and grapes. Which of the following points is more likely to represent a market-oriented policy?

To be effective, U.S. command-and-control environmental regulation required