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Identify the economic incentives that motivate private firms to engage in pollution prevention activities. How might the government devise policy initiatives to exploit these natural incentives?

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Anne Gillian Duero
Anne Gillian DueroLv10
28 Sep 2019

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Related questions

One of the topics we cover in the readings this week is pollution and in this assignment you have a chance to bring more focus to it. In a 3-4 page paper in APA format - including citing direct quotes correctly (quotation marks), outline how economic incentives could be used to significantly reduce four different forms of pollution (you choose these - please number them in the order presented). Include at least two scholarly references that are no more than two years old in addition to the course text in your work.

1. Which of the following would be classified as a situation where a third party benefits from a market transaction by others?

A. City buying 10,000 trees for green space renewal projects

B. Two firms trading pollution credits to avoid cutting their toxic emissions

C. Allowing a mining company to use a natural lake to discharge waste

D. Increased levels of air pollution in neighborhoods near a football stadium

2. Which of the following is an example of an economic activity that can injure the environment? (Choose all that apply)

A. Excessive clear-cutting of wood resources by logging companies

B. Paper mill discharging raw chemical waste into a river

C. Gold mine discharging arsenic into a natural lake that it's using for a tailings pond

3. A number of different government policies can increase the incentive to innovate, including (Choose all that apply)

A. Regulations requiring more investment in innovation

B. Patent protection to guarantee intellectual property rights

C. Government assistance with the costs of research and development

4. Which of the following are ways in which the government promotes positive externalities? (Choose all that apply)

A. Spending on research and development

B. Protection of intellectual property

C. Incentives for increasing output

5. Which of the following are examples of market-based policies, rather than command-and-control policies? (Choose all that apply)

A. The federal government pays fishermen to preserve wild salmon

B. The federal government requires domestic auto companies to improve car emissions

C. A state charges an emissions tax on the quantity of carbon emitted by each firm

44. The endangered species act has:

a. had no impact on the number of endangered or other economic activities

b.causeed a loss of economic activities on some private land

c. further reduced the number of endangered species

d. saved all endangered species without affecting anyone

42. Which type of property would experience pollution?

a. common property

b. private property

c. corporate property

d. property help in partnership

41. One difficulty in using voluntary transactions to internalize externalities is that:

a. people usually don't understand what real opportunity cost is and that they face

b. people are motivated by self-interest and are often unwilling to engage in a transaction that might make another person better off

c.transactions costs of coming to an agreement can be very large when numerous people are involved

d.the government will not usually enforce contracts of this type

37. If pollutants from smokestacks in a city such as Newark cause people to paint their homes and cars more frequently, this implies:

a. external costs on home and car owners

b. internal cost to home and car owners

c. external benefits to the home and car owners

d. none of the above

35. If a good is produced by firms that incur all private and external costs, the price consumers pay:

a. will be too high because the consumers end up paying all of the costs instead of the firm

b. will be too low

c. will be efficient since it includes all social costs

d. will be the correct but inefficient

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