Ready to test your Knowledge?
Try out our new practice tests completely free!
exam preparation banner icon

Environmental Economics Study Set 1

Business

Quiz 11 :

Command-And-Control Strategies: the Case of Standards

Quiz 11 :

Command-And-Control Strategies: the Case of Standards

search
arrow
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 MDC curve are socially efficient.
Free
Multiple Choice
Answer:

Answer:

A

arrow
Smoke stack scrubbers are a requirement on many coal burning, electricity-generating plants.Smoke stack scrubbers are an example of ________________.
Free
Multiple Choice
Answer:

Answer:

C

arrow
The socially efficient equilibrium emission standard sets the maximum rate of emissions equal to the ________.
Free
Multiple Choice
Answer:

Answer:

D

arrow
Refer to the figure above.Assume that a firm is facing MAC1 and an admissions standard of e2.What is the firm's incentive to engage in R&D so that abatement costs are reduced to MAC2?
Multiple Choice
Answer:
arrow
Emission standards are a type of ________ because they refer to end results that are meant to be achieved by the polluters being regulated.
Multiple Choice
Answer:
arrow
Ambient standards cannot be enforced ___________.
Multiple Choice
Answer:
arrow
Refer to the figure above.Assume that a firm is facing MAC1 and an admissions standard of e2.What is the firm's cost of compliance for this level of emissions?
Multiple Choice
Answer:
arrow
Under ________ the burden is on the ________ to make the right decision about what technology to use.
Multiple Choice
Answer:
arrow
A(n) ________________ sets a constraint on some performance criterion and allows the polluter to choose how to meet that criterion while a(n) _________________ dictates either decisions or techniques to be used by the polluter
Multiple Choice
Answer:
arrow
If an emission standard is set to the left of the socially efficient point of emissions, the result will be a socially inefficient level of pollution and _________ will be greater than __________.
Multiple Choice
Answer:
arrow
Emissions standards do not yield a particular ambient quality due to the interference of
Multiple Choice
Answer:
arrow
. -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
Answer:
arrow
Standards that take the form of never-exceed levels for specific pollutants in an ambient environment are known as ________.
Multiple Choice
Answer:
arrow
Technology standards require the adoption of _______________.
Multiple Choice
Answer:
arrow
If an emission standard is set to the left of the socially efficient point of emissions, the result will be a socially inefficient level of pollution and _________ will be greater than __________.
Multiple Choice
Answer:
arrow
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
Answer:
arrow
Refer to the figure above.Suppose that MDu represents the damages associated with ambient levels of benzene in an urban area and MDr represents those same damages in a rural area.If the ambient emission standard is set at eu, the standard yields a (n) _________ level of pollution in urban areas but is unnecessarily ____________ for rural areas.
Multiple Choice
Answer:
arrow
________ set standards that are unrealistic with today's technology in the hope that they will motivate the pollution-control industry to invent ways of meeting the standard at reasonable cost.
Multiple Choice
Answer:
arrow
A command and control approach to public policy uses _________ in order to bring about socially desirable behavior.
Multiple Choice
Answer:
arrow
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
Answer:
Showing 1 - 20 of 25