Question

In: Economics

The expected penalty for violation of an environmental regulation a.is a function of both monitoring and...

The expected penalty for violation of an environmental regulation

a.is a function of both monitoring and sanctioning

b.the mean value of the range of fines as expressed in the regulation

c.most effective if it is less than the marginal cost of abatement

d.independent of the probability of getting caught in violation

Enforcement of technology standards

a.requires continuous monitoring

b.becomes more costly when there are advances in monitoring technology

c.is not effective in practice

d.can be done using random site visits

Pollution standards are usually set by national authorities while enforcement is usually left to local authorities.

a.True

b.False

When did environmental policy shift from the state level to the federal level?

a.1950s

b.1960s

c.1970s

d.1980s

Solutions

Expert Solution

Answers)

1: b: b.the mean value of the range of fines as expressed in the regulation.

According to the environmental protection act 1986 of US, any kind of violation can pay fine of one lakh as well as personal can be sent to jail for five years. This is the  expected penalty for violation of an environmental regulation.

2: a) requires continuous monitoring

Enforcement of technology standards says to gain continuously information and continuous checkups and share the information.

3: true

pollution standards are usually set by national authorities while enforcement is usually left to local authorities.

4) c: 1970s

President richard nixon signed on the US federal or national environmental policy act on new year day in 1970, new environmental laws has be imposed as bout the pollution and so on

Hope you got your answer if you need some more information about your question feel free to ask...thank you


Related Solutions

Can monitoring and self-regulation by industry groups like the Roundtable effectively address environmental issues, or will...
Can monitoring and self-regulation by industry groups like the Roundtable effectively address environmental issues, or will outside pressure always be needed? Was Greenpeace right to act as it did, or should it have tried to work with the companies in question?
Summarize “Property Rights and Environmental Regulation”
Summarize “Property Rights and Environmental Regulation”
What is penalty function and why they are used? Compare two penalty functions you have studied...
What is penalty function and why they are used? Compare two penalty functions you have studied in your course, which one is preferable according to your opinion?
The Environmental Protection Agency wanted to compare the proportion of plants in violation of air quality...
The Environmental Protection Agency wanted to compare the proportion of plants in violation of air quality standards for two different industries: steel and utility. Two independent samples of plants were selected and monitored. The following data was recorded: Steel: n1=150, number of violations=x1=12 Utility: n2=160, number of violations=x2=12 (a) Define the population parameters and set up appropriate null and alternate hypothesis. (b) Compute the value of the test statistic. (c) Set up the appropriate rejection region for alpha = 0.01...
In September 2015, the United States Environmental Protection Agency (EPA) disclosed a notice of violation of...
In September 2015, the United States Environmental Protection Agency (EPA) disclosed a notice of violation of the Clean Air Act to German automaker Volkswagen Group. The agency reported that Volkswagen had intentionally programmed turbocharged direct injection (TDI) diesel engines to activate their emissions controls only during laboratory emissions testing which caused the vehicles' nitrogen oxide (NOx) output to meet US standards during regulatory testing, but emit up to 40 times more NOx in real-world driving. Volkswagen deployed this programming software...
Which of the following is NOT a function of the board of​ directors? A. monitoring the...
Which of the following is NOT a function of the board of​ directors? A. monitoring the performance of the company B. determining how top executives should be compensated C. day−to−day running of the company D. answering to shareholders of the company
True/False If we take into consideration the cost of monitoring and enforcing environmental regulations, it is...
True/False If we take into consideration the cost of monitoring and enforcing environmental regulations, it is efficient to allow more emissions. True/False A polluting factory operates in a small town. If most of the town's young people leave to go work in a larger city, the marginal damages curve will shift downward, increasing the socially-efficient level of emissions in the town.
What are the environmental factors that will encourage metacognition regulation and the use of metacognition strategies...
What are the environmental factors that will encourage metacognition regulation and the use of metacognition strategies to improve learning? Explain. Under what circumstances might metacognitive strategies be less effective? Why?
Explain the sympathetic and parasympathetic regulation of heart function..
Explain the sympathetic and parasympathetic regulation of heart function..
2. A chemical engineer is monitoring the concentration of chemicals as a function of time in...
2. A chemical engineer is monitoring the concentration of chemicals as a function of time in a cylindrical batch reactor of radius R and height H, running at full capacity. The following reaction takes place in the batch reactor: A + 2B ↔ 3C The rates of the forward and reverse reactions follow mass action kinetics; assume rate constants as appropriate. a) At t=0, the reactor contains zero moles of C and non-zero moles of A and B. If the...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT