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Chapter 31: Q. 31.3LO (page 692)

Describe how governments are trying to cap the use of pollution-generating resources

Short Answer

Expert verified

Breezes can grab radioactive particles that's been spilled inadvertently from such a nuclear reactor or distribute it across the globe

Step by step solution

01

Introduction

Polluted air seems to of been a serious phenomenon. Since urban seem often worse contaminated as rural regions, smog might migrate even isolated areas where almost no one dwells. Its Pacific Ocean is really a large accumulation of micro - plastic bits there in midst of the north Pacific Ocean.

02

Given Information

Groundwater are necessary for the body, form self germs big cetaceans. Every living creatures be affected when all these supplies are damaged.

03

Explanation

  • Garbage is conveyed through gas and liquid flows. Seafaring waste is spread considerably farther in to seas with fluxes and wandering fishes. Breezes can grab radioactive particles that's been spilled inadvertently from such a nuclear reactor or distribute it across the globe.
  • The smog of one country's factory flows into some other.

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Most popular questions from this chapter

One possible method for reducing emissions of greenhouse gases such as carbon dioxide is to inject the gases into deep saltwater-laden rock formations, where they would be trapped for thousands of years. Suppose that the federal government provides a fixed per-unit subsidy to firms that utilize this technology in West Virginia and other locales where such rock formations are known to exist.

a. Consider the effects of the government subsidy on the production and sale of equipment that injects greenhouse gases into underground rock formations. What happens to the market clearing price of such pollution abatement equipment?

b. Who pays to achieve the results discussed in part (a)?

A government agency caps aggregate emissions of an air pollutant within its borders, establishes initial pollution allowances across all firms, and grants the firms the right to trade these allowances among themselves. The demand and supply curves for these pollution allowances have normal shapes and intersect at a positive price. Explain in your own words the government's likely goal in establishing this private market for pollution allowances.

Suppose that a new chief of the government agency discussed in Problem 31-7decides to reduce the number of pollution allowances that firms are permitted to own. Evaluate the effects this policy change will have on the market price of pollution allowances, and discuss whether the policy appears to be fully consistent with the original intent of creating the market for these allowances.

Suppose that a new chief of the government agency discussed in the problem decides to reduce the number of pollution allowances that firms are permitted to own. Evaluate the effects this policy change will have on the market price of pollution allowances and discuss whether the policy appears to be fully consistent with the original intent of creating the market for these allowances.

Explain why 100 per cent air cleanliness is not optimal.
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