The government uses the following methods to regulate pollution. Which of these results in the most pollution reduction by the firms with the lowest cost of pollution reduction and the least pollution reduction by the firms with the highest reduction costs? A. Legal limits combined with fines, taxes, and tradable permits B. Legal limits combined with fines and taxes C. Legal limits combined with fines and tradable permits D. Taxes and tradable permits E. Legal limits combined with fines ***It is NOT choice A, but am not sure what it would be? @triciaal :)
and here's another one Public goods are: A. all the goods supplied by the government for free use by its citizens. B. all the goods everyone has a legal right to use. C. all the goods supplied by the government, including those goods it charges for, such as park access in some national parks. D. only the goods the government charges for the right to use. E. None of the above ***This one is NOT choice B... but I think it would be choice A? not 100% sure! what do you think? :D
#2 I think C
okay! Thank you:D
Not to muddy the water, but none of these definitions really fit. I might consider E. According to Investopedia.com, Public Goods are "A product that one individual can consume without reducing its availability to another individual and from which no one is excluded."
Public Good An item whose consumption is not decided by the individual consumer but by the society as a whole, and which is financed by taxation. A public good (or service) may be consumed without reducing the amount available for others, and cannot be withheld from those who do not pay for it. Public goods (and services) include economic statistics and other information, law enforcement, national defense, parks, and other things for the use and benefit of all. No market exists for such goods, and they are provided to everyone by governments. See also good and private good. Read more: http://www.businessdictionary.com/definition/public-good.html#ixzz3RrcaFi6S
great, thank you both!! :)
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