take(s) into account the benefits and costs of attaining
Question # 00507402
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Updated on: 04/03/2017 02:06 AM Due on: 04/03/2017
2. ________ take(s) into account the benefits and costs of attaining environmental objectives and achieve those objectives by aligning the social and private costs of pollution and its abatement.
a. Life-expectancy approach b. Supply-chain approach c. Command-and-control regulations d. Incentive approaches.
6. Cap-and-trade systems are also called ________.a. market systems b. governmental systems c. life-expectancy systems d. tradable permits systems.
7. The control of an externality in a tradable permits system has three components. The first component ________.a. is allowing parties to respond to incentives by choosing the most efficient means of abatement b. is providing incentives for abatement by internalizing the cost of the harm done by the pollution c. involves reflecting in the prices of goods and services, the costs of abatement and the social costs of the harm from the remaining pollution d. is allowing states to decide how best to decrease dangerous air pollution in the most cost effective manner.
8. The Clean Air Act Amendments of 1990 addressed efficiency through a tradable permits system and the distributive consequences were addressed through a number of special provisions called ________.a. permits b. allowances c. incentives d. credits.
10. Critics of the American Recovery and Reinvestment Act were of the opinion that ________.a. the government provided companies with low-cost loans from government supported banks b. the Department of Energy did not administer the loan guaranties based on applications by companies c. the subsidies offered by the government were fairly inadequate d. the government was trying to pick winners rather than allowing the market to determine the winners.
12. Supply-side subsidies include ________.a. tax credits for households to install solar panels on rooftops b. tax credits for businesses to purchase electric cars c. high feed-in tariffs for power producers d. grants for households to purchase electric cars.
13. China took the lead in the production of solar panels primarily because ________. a. labor costs in China were very low relative to that in Europe and the United States b. the domestic demand for solar panels fell sharply c. the price of pure silicon rose dramatically as supply caught up with demand d. demand-side subsidization was not implemented in the United States.
15. ________ damages are based on the opportunity cost of the next best alternative. a. Consequential b. Reliance c. Liquidated d. Primary.
17. The principal and most comprehensive source of institutional guidance on safety is the law of ________.a. contracts b. warranties c. property d. torts.
20. ________ is/are made in writing by the producer and, as part of the sales agreement, represent(s) obligations binding on the producer.a. Privity of contract b. Implicit guarantees c. Express warranties d. Writs of assistance.
22. One of the reform measures proposed by the American Tort Reform Association is to have punitive damage awards paid to the ________.a. plaintiff b. defendant c. public d. government
23. The distributive objection to products liability is that ________.a. it is inequitable to assess damages to firms when there was nothing they could have done to prevent the injury b. a reduction in the liability of retailers is likely to have negative consequences for businesses c. the awards in many cases are too large and seem to provide a prize, as in a lottery, rather than providing compensation for actual losses d. the awards in cases decided on the basis of fault and negligence are mostly inadequate.
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Solution: take(s) into account the benefits and costs of attaining