Identify one alternative to regulation and explain how it might foster fewer environmental problems.
What will be an ideal response?
Policies include (1) imposing effluent charges or taxes, so that instead of telling an industry that it could emit only a certain number of tons of effluents each year, government would allow it to emit as much as it desired--the polluter would, however, have to pay a tax based on the amount of pollution discharged, and therefore the greater the quantity, the higher would be the total cost; or (2) issuing tradable permits to pollute. The presumed advantage of both is that they would allow more-efficient industries to pollute, while less-efficient industries would either have to close down or improve their environmental standards. The more-efficient industries could afford to pay the effluent tax and still make a profit, whereas less-efficient industries could not. This market-oriented solution to the pollution problem would be compatible with economic growth and efficiency.
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In a country with a trade deficit,
a. there will be high unemployment and lower wages. b. there will be higher prices. c. the value of its currency will increase. d. there will be more choice in consumer goods.
President Thomas Jefferson wanted _____ to be a "wall of separation between church and state."
A. the supremacy clause of Article VI B. the reserved powers clause of the Tenth Amendment C. the establishment clause of the First Amendment D. the preferred-position doctrine E. the Supreme Court