Asked by
Caitlyn Dingman
on Nov 25, 2024Verified
Which pollution control approach does the least to internalize external costs?
A) regulation
B) tradable pollution rights
C) subsidies for beneficial actions
D) user fees
Internalize External Costs
The process of accounting for the environmental and societal costs of economic activities in the price of goods and services.
Tradable Pollution Rights
An economic strategy for pollution control that rewards the decrease in pollutant discharges through financial incentives.
User Fees
Charges levied for the use of a service or facility, typically implemented to fund the maintenance and operation of the services provided.
- Analyze the effectiveness and shortcomings of various pollution control approaches in internalizing external costs.
Verified Answer
ES
Learning Objectives
- Analyze the effectiveness and shortcomings of various pollution control approaches in internalizing external costs.