« previous next »

Author Question: A problem with pollution charges or taxes as a solution to pollution is that A) people don't want ... (Read 89 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jun 29, 2018
A problem with pollution charges or taxes as a solution to pollution is that
 
  A) people don't want the government to regulate industry.
  B) the necessary information about the polluting industry is costly and usually unavailable.
  C) taxes are already too high.
  D) pollution would still continue.
  E) the producers do not want the property right to their pollution.

Question 2

What are the effects of a tariff on a good on various groups and on the total surplus in the country that imposes the tariff?
 
  What will be an ideal response?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


SeanoH09

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Imposition of a tariff increases the price of the good in the importing country and makes sellers better off. Domestic sellers enjoy a greater surplus. Consumers have to pay a higher price for the imported good, so they are made worse off. The government earns revenue equal to the product of the tariff rate and the number of units of the good imported. Overall, due to the imposition of the tariff there is a fall in the total surplus compared to the pre-tariff situation. The loss in total surplus is referred to as the deadweight loss of the tariff.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Children’s interactions with older siblings may help promote an understanding of other people’s ... Children’s interactions with older siblings may help promote an understanding of other people’s ...
Pollution in the Industrializing Nations has become a major problem. The air in Beijing is hazardous ... Pollution in the Industrializing Nations has become a major problem. The air in Beijing is hazardous ...
Algebraically determine the general solution, in degrees, of the equation below. Algebraically determine the general solution, in degrees, of the equation below.
0.300 moles of sodium nitrite are needed for a reaction. The solution is 0.450 M. How many mL ... 0.300 moles of sodium nitrite are needed for a reaction. The solution is 0.450 M. How many mL ...
Problem Problem
Problem Problem
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library