Exam 11: Command-And-Control Strategies: the Case of Standards
Exam 1: What Is Environmental Economics35 Questions
Exam 2: The Economy and the Environment30 Questions
Exam 3: Benefits and Costs, Supply and Demand35 Questions
Exam 4: Economic Efficiency and Markets33 Questions
Exam 5: The Economics of Environmental Quality29 Questions
Exam 6: Framework of Analysis30 Questions
Exam 7: Benefit-Cost Analysis: Benefits31 Questions
Exam 8: Benefit-Cost Analysis: Costs32 Questions
Exam 9: Criteria for Evaluating Environmental Policies29 Questions
Exam 10: Decentralized Policies: Liability Laws, Property Rights, and Voluntary Action34 Questions
Exam 11: Command-And-Control Strategies: the Case of Standards32 Questions
Exam 12: Incentive-Based Strategies: Emission Charges and Subsidies32 Questions
Exam 13: Incentive-Based Strategies: Market Trading Systems30 Questions
Exam 14: Federal Water Pollution-Control Policy34 Questions
Exam 15: Federal Air Pollution-Control Policy31 Questions
Exam 16: Federal Policy on Toxic and Hazardous Substances36 Questions
Exam 17: State and Local Environmental Issues29 Questions
Exam 18: The Global Environment33 Questions
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Emission standards specify the technologies, techniques, or practices that?????___________.
(Multiple Choice)
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If an emission standard is set to the right of the socially efficient point of emissions, the result will be a socially inefficient level of pollution and _________ will be greater than __________.
(Multiple Choice)
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When marginal damages for a pollutant vary by region, time of day, or season,
(Multiple Choice)
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Boulder, Colorado, sets the maximum number of decibels permitted by a source from 7 a.m. to 11 p.m. in a residential area to be 55dBA. One exception is if the sound was made by an animal. This is an example of
(Multiple Choice)
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Total emissions from 2-stoke, leaf blowers can be decreased by
(Multiple Choice)
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Smoke stack scrubbers are a requirement on many coal burning, electricity-generating plants. Smoke stack scrubbers are an example of ________________.
(Multiple Choice)
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One of the problems with command and control standards is that there is __________ incentive to do better than the standard, even though the costs of further emission reductions may be modest.
(Multiple Choice)
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The equimarginal principle states that in order to get the greatest reductions in _______emissions for a given _________ abatement cost, all firms should emit at a point that offers the same marginal abatement cost for each firm.
(Multiple Choice)
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Refer Table 1above. The table reveals the marginal abatement costs of three firms related to the quantity of emissions. Each firm is now emitting 10 tons/week, so total emissions are 30 tons/week. Suppose we wish to reduce total emissions by 50 percent, to 15 tons per week. What is the cost of this reduction via an equiproportionate decrease in emissions for each firm?
(Multiple Choice)
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Standards that take the form of never-exceed levels for specific pollutants in an ambient environment are known as ________.
(Multiple Choice)
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Refer to the Figure above. Assume that a firm is facing MAC1 and an emissions standard of e2. What is the firm's reduction in compliance costs in obtaining the emission standard of e2 if the firm is successful in reducing abatement costs from MAC1 to MAC2?
(Multiple Choice)
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When marginal damages for a pollutant vary by region, time of day, or season, a(n) ________ will not be socially efficient but ________ that set the MAC curve equal to each MD curve are socially efficient.
(Multiple Choice)
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