Author Question: Which of the following observations concerning pollution rights is incorrect? a. It would not allow ... (Read 21 times)

Bernana · **on:** Jun 30, 2018

Which of the following observations concerning pollution rights is incorrect?
a. It would not allow firms to move into an area that is already as polluted as allowed by EPA standards.
b. It allows the greatest value to be generated with a given amount of pollution.
c. The rights are private property and can be sold.
d. Each polluter is motivated to discover and use the cheapest way to reduce pollution.

Question 2

Generally speaking, protection from foreign competition benefits:
a. both domestic producers and foreign producers.
b. both domestic consumers and foreign consumers
c. domestic consumers and foreign consumers.
d. neither domestic producers nor foreign producers.
e. domestic producers at the expense of domestic consumers.