According to the EPA's Prospective Analysis of the 1990 to 2010

question 19

Essay

According to the EPA's prospective analysis of the 1990 to 2010 period, total social benefits (TSB) associated with the CAAA of 1990 are estimated at $690 billion ($1990) and the comparable total social cost (TSC) estimates are $180 billion ($1990).
a. Explain why these data do not communicate whether the regulations outlined by the CAAA of 1990 are efficient.
b. Using three separate graphs of conventionally-shaped TSB and TSC functions show that these values indicate that the regulations outlined in the CAAA of 1990 are (i) efficient; (ii) too lenient; and (iii) too stringent.

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Definitions:

B State

Refers to a theoretical physiological state that an organism is in, affecting its learning and behavior; often not a scientifically established term.

Withdrawal

A physiological and psychological state characterized by symptoms that occur when stopping or drastically reducing the intake of a substance that was used regularly.

Tolerance

The reduced reactivity to an event with repeated experience.

Instinctive Behavior

Inherent actions or reactions that are performed without prior learning or experience, typically driven by genetic programming.