Asked by Diego Silva on Jun 03, 2024
Verified
The most economically efficient way to reduce pollution is to impose strict environmental standards on all polluters.
Environmental Standards
Regulations and criteria set by governmental bodies or international organizations to protect the environment and human health by limiting pollution and managing natural resource use.
Economically Efficient
Economically efficient refers to a situation where resources are allocated in a way that maximizes the net benefits to society or minimizes waste.
Pollution
The introduction of contaminants into the natural environment causing adverse change, often a byproduct of human activity.
- Investigate the effects of governmental actions on market balance, encompassing both taxation and financial aid.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
False
Explanation :
Imposing strict environmental standards on all polluters may not be the most economically efficient way to reduce pollution because it does not consider the varying costs of pollution abatement across different sources. Market-based approaches like taxes on pollution or tradable pollution permits can achieve the same environmental goals at a lower overall cost by allowing reductions to occur where they are cheapest.
Learning Objectives
- Investigate the effects of governmental actions on market balance, encompassing both taxation and financial aid.