04 Jun Question Sometimes market activities (production, buying,
Question
Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market’s scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:
1.What 1 policy could you use to reduce the total amount of emissions?
2.Why do you think the policy would reduce the total amount of emissions?
3.What would be the benefits of each action (besides emissions reduction)?
4.What would be the costs of each action?
5.How would you decide what was the best level of emission reduction?
Grading Criteria Deliverable requirements addressed; understanding of material and writer’s message and intent are clear. Calculation methods, where required, are contextually appropriate, fully explained, and presented in a manner that is easy to understand. External research incorporated in the paper, if any, supports the writer’s position properly acknowledged and cited; direct quotations may not exceed 10% of the word count of the body of the assignment deliverable (excluded title page, abstract or table of contents if used, tables, exhibits, appendices, and reference page(s).) Critical thinking: Positio
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