Asked by Manal Al-Hashmi on May 11, 2024
Verified
According to most economists,which one of the following would be the best public policy?
A) Require businesses to reduce pollution by a level prescribed by the government.
B) Zero tolerance for pollution.
C) Rely on private enterprise to reduce pollution as it is ultimately in its best interest.
D) Provide business firms with incentives to curb their pollution.
Public Policy
Public Policy refers to the system of laws, regulatory measures, courses of action, and funding priorities concerning a given topic promulgated by a governmental entity or its representatives.
Pollution
The presence or introduction into the environment of contaminants or substances that cause harm or discomfort to organisms.
Private Enterprise
Business operations that are owned, financed, and managed by private individuals rather than the government.
- Assess the efficiency of command-and-control versus incentive-based policies in managing environmental problems.
Verified Answer
AK
Aliza KombarbayevaMay 12, 2024
Final Answer :
D
Explanation :
Providing business firms with incentives to curb their pollution is the best public policy according to most economists. This is because it allows businesses to choose their preferred method of reducing pollution and also helps in achieving the goal of reducing pollution without completely burdening the businesses with regulations. Additionally, incentives can be tailored to suit a particular business's situation and can be adjusted based on the effectiveness of their pollution reduction efforts.
Learning Objectives
- Assess the efficiency of command-and-control versus incentive-based policies in managing environmental problems.