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10 Cards in this Set
- Front
- Back
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The cap and trade system controls pollution through |
marketable waste-discharge permits |
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the marginal cost of pollution is |
the total additional cost imposed on one person by all pollution |
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discharge of unprocessed waste into the environment creates external costs because it" |
creates harmful effects on third parties |
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which of the following pollution abatement measures is used to control environmental problems in the united states today? |
taxes on pollution emissions charges marketable permits |
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which of the following is a barrier to the private resolution of externalities |
there are uncertainties regarding the source and costs of pollution |
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the optimal quantity of pollution is found at the point where the marginal cost of pollution abatement curve crosses |
the marginal external cost of pollution curve |
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pollution is an example of which of the following? |
market failure |
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the command-and-control approach to pollution control can best be described by which statement? |
specific pollution control technologies are required |
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in a cap and trade system, polluters whose marginal cost of abatement is relatively high become |
buyers of permits |
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the proposition that problems of externalities will be resolved efficiently through private exchange is known as: |
Coase theorem |
