This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: How do Pigouvian taxes help in reducing pollution? What will be an ideal ... (Read 61 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
How do Pigouvian taxes help in reducing pollution?
 
  What will be an ideal response?

Question 2

Refer to Table 10-1. Using the table above, what is the approximate growth rate of real GDP from 2015 to 2016?
 
  A) 1 B) 2 C) 3 D) 4


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mollythedog

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jun 29, 2018
Answer to Question 1

Pollution is an example of a negative externality in that it imposes costs on people otherthan those causing the pollution. In such a case, the social marginal cost of producingthe good that causes pollution exceeds its private marginal cost by the amount of thenegative externality, causing the good to be overproduced. A Pigouvian tax on the good canbe used to reduce the amount of pollution by forcing firms to internalize the cost to societyfrom their pollution. The tax is the difference between marginal social cost and marginalprivate cost; such a tax would reduce the quantity of the good produced to the sociallyoptimal level.
A-head: ECONOMICS OF THE ENVIRONMENT
Concept:Pigouvian taxes

Answer to Question 2

C


Alainaaa8

  • Member
  • Posts: 576
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Emphysema. (a) Illustration comparing normal lungs and emphysemic lungs. The inserts illustrate how Emphysema. (a) Illustration comparing normal lungs and emphysemic lungs. The inserts illustrate how
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Cultures Ideal Body Types Cultures Ideal Body Types
Transport of acetyl units and reducing equivalents used in fatty acid synthesis Transport of acetyl units and reducing equivalents used in fatty acid synthesis
The Green Revolution and Air Pollution The Green Revolution and Air Pollution
Reducing Pesticides in Food Reducing Pesticides in Food
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library