econ 12 [ACTUAL EXAM ] LATEST VERSION [QUESTIONS
AND ANSWERS] DETAILED AND VERIFIED FOR
GUARANTEED PASS- LATEST UPDATE 2025 GRADED A
(BRAND NEW!!)
Marketable permits can be viewed as a form of improved
_______________. - CORRECT ANSWER ✔✔✔✔✔ property rights
The objective of imposing a higher pollution tax is to - CORRECT
ANSWER ✔✔✔✔✔ provide adequate incentive for firms to reduce
their emissions by more.
When a government establishes a marketable permit program to
address environmental pollution, it is actually issuing a form of -
CORRECT ANSWER ✔✔✔✔✔ permit to pollute.
A pollution charge is a form of tax imposed on - CORRECT ANSWER
✔✔✔✔✔ the quantity of pollution that a firm emits.
A study by the Environmental Protection Agency looked at the costs
and benefits of the Clean Air Act from 1970 to 1990. This study found
that a middle-range estimate of the health and other benefits from
cleaner air was $22 trillion. This amount was about
__________________ than the costs of reducing the pollution. -
CORRECT ANSWER ✔✔✔✔✔ 44 times higher
Because of the nature of the comprehensive environmental laws
adopted during the late 1960s and early 1970s by the United States
government, these laws are typically referred to as
____________________ . - CORRECT ANSWER ✔✔✔✔✔ positive
regulations
Low and middle-income societies correctly point out that high-income
countries have historically - CORRECT ANSWER ✔✔✔✔✔
legitimately lacked moral standing in addition to all the above.
, Market-oriented environmental policies are ________, and __________
will work better in some situations than in others. - CORRECT
ANSWER ✔✔✔✔✔ a tool-kit; specific tools
The problem of pollution typically arises in ______________
economies around the world. - CORRECT ANSWER ✔✔✔✔✔ high or
low-income
The problem of pollution arises in primarily ______________
economies around the world. - CORRECT ANSWER ✔✔✔✔✔ both a
and b
Which of the following is used to describe the full spectrum of animal
and plant genetic material? - CORRECT ANSWER ✔✔✔✔✔
biodiversity
Traditionally, policies for environmental protection in the U.S. have
focused on __________________ pollutant could be emitted. -
CORRECT ANSWER ✔✔✔✔✔ setting limits for how much of each
A ___________________ would lead a large greenhouse gas emitter to
reduce emissions by less. - CORRECT ANSWER ✔✔✔✔✔ lower
pollution tax
Two rubber companies, Boing and Twang, are currently producing
along, and polluting, the same river. Both companies are considering
whether to install pollution filters on their factories. These filters cost
$15 million each. If a filter is installed, there is a benefit of $20 million,
but this benefit is divided equally between the two companies. If both
firms install the filters, then Boing will earn ________ and Twang will
earn ________ . - CORRECT ANSWER ✔✔✔✔✔ $5 million, $5 million
Bulgaria primarily produces two goods, nesting dolls and grapes. The
production of both goods primarily requires labor. The following table
shows possible combinations of nesting dolls and grapes. Which of
the following points is more likely to represent a market-oriented
policy? - CORRECT ANSWER ✔✔✔✔✔ E
AND ANSWERS] DETAILED AND VERIFIED FOR
GUARANTEED PASS- LATEST UPDATE 2025 GRADED A
(BRAND NEW!!)
Marketable permits can be viewed as a form of improved
_______________. - CORRECT ANSWER ✔✔✔✔✔ property rights
The objective of imposing a higher pollution tax is to - CORRECT
ANSWER ✔✔✔✔✔ provide adequate incentive for firms to reduce
their emissions by more.
When a government establishes a marketable permit program to
address environmental pollution, it is actually issuing a form of -
CORRECT ANSWER ✔✔✔✔✔ permit to pollute.
A pollution charge is a form of tax imposed on - CORRECT ANSWER
✔✔✔✔✔ the quantity of pollution that a firm emits.
A study by the Environmental Protection Agency looked at the costs
and benefits of the Clean Air Act from 1970 to 1990. This study found
that a middle-range estimate of the health and other benefits from
cleaner air was $22 trillion. This amount was about
__________________ than the costs of reducing the pollution. -
CORRECT ANSWER ✔✔✔✔✔ 44 times higher
Because of the nature of the comprehensive environmental laws
adopted during the late 1960s and early 1970s by the United States
government, these laws are typically referred to as
____________________ . - CORRECT ANSWER ✔✔✔✔✔ positive
regulations
Low and middle-income societies correctly point out that high-income
countries have historically - CORRECT ANSWER ✔✔✔✔✔
legitimately lacked moral standing in addition to all the above.
, Market-oriented environmental policies are ________, and __________
will work better in some situations than in others. - CORRECT
ANSWER ✔✔✔✔✔ a tool-kit; specific tools
The problem of pollution typically arises in ______________
economies around the world. - CORRECT ANSWER ✔✔✔✔✔ high or
low-income
The problem of pollution arises in primarily ______________
economies around the world. - CORRECT ANSWER ✔✔✔✔✔ both a
and b
Which of the following is used to describe the full spectrum of animal
and plant genetic material? - CORRECT ANSWER ✔✔✔✔✔
biodiversity
Traditionally, policies for environmental protection in the U.S. have
focused on __________________ pollutant could be emitted. -
CORRECT ANSWER ✔✔✔✔✔ setting limits for how much of each
A ___________________ would lead a large greenhouse gas emitter to
reduce emissions by less. - CORRECT ANSWER ✔✔✔✔✔ lower
pollution tax
Two rubber companies, Boing and Twang, are currently producing
along, and polluting, the same river. Both companies are considering
whether to install pollution filters on their factories. These filters cost
$15 million each. If a filter is installed, there is a benefit of $20 million,
but this benefit is divided equally between the two companies. If both
firms install the filters, then Boing will earn ________ and Twang will
earn ________ . - CORRECT ANSWER ✔✔✔✔✔ $5 million, $5 million
Bulgaria primarily produces two goods, nesting dolls and grapes. The
production of both goods primarily requires labor. The following table
shows possible combinations of nesting dolls and grapes. Which of
the following points is more likely to represent a market-oriented
policy? - CORRECT ANSWER ✔✔✔✔✔ E
