Asked by Sagar Rajput on Jun 22, 2024
Verified
Laws that require vehicles to have catalytic converters or that restrict or prohibit leaf burning are:
A) Pigouvian taxes.
B) internalization of externalities.
C) transaction costs.
D) environmental standards.
Catalytic Converters
Devices incorporated in the exhaust system of vehicles that reduce harmful emissions by converting pollutants into less harmful substances.
Internalization of Externalities
Refers to actions taken to incorporate the external costs or benefits of a good or service into the price paid by the consumers or producers.
- Discern various policy measures implemented for environmental preservation, encompassing environmental benchmarks, emissions taxation, Pigouvian levies, and exchangeable emissions licenses.
- Explain the role of environmental standards in controlling pollution and their limitations.
Verified Answer
Learning Objectives
- Discern various policy measures implemented for environmental preservation, encompassing environmental benchmarks, emissions taxation, Pigouvian levies, and exchangeable emissions licenses.
- Explain the role of environmental standards in controlling pollution and their limitations.
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