A Problem with Pollution Charges or Taxes as a Solution

question 60

Multiple Choice

A problem with pollution charges or taxes as a solution to pollution is that

• A) taxes are already too high.
• B) the necessary information about the polluting industry is costly and usually unavailable.
• C) the producers do not want the property right to their pollution.
• D) people don't want the government to regulate industry.
• E) pollution would still continue.

---

Definitions:

Human Capital

The qualifications, know-how, and lived experiences of a person or society, assessed in terms of their profitability or cost to a business or country.

Compensating Differential

The additional amount of income that a worker requires to accept a job with undesirable features, compared to a similar job with more favorable features.

Cardiologist

A specialist doctor who diagnoses and treats conditions related to the heart and blood vessels.

Human Capital

Competencies, wisdom, and learning acquired by an individual or collective, evaluated for their financial or beneficial impact on an enterprise or sovereign state.