Reference no: EM132435077
Question 1. What's the total compliance cost (i.e. two factories combined) if the government chooses Policy Option A? Briefly explain your rationale and steps of calculations. (4 points)
Question 2. What's the total compliance cost (i.e. two factories combined) if the government chooses Policy Option B? Briefly explain your rationale and steps of calculations. (4 points)
Question 3. If the government chooses Policy Option C, which factory will have the incentive to buy allowances? Which will have the incentive to sell allowances? (4 points)
Question 4. Following question 3, how many allowances will be traded? In what direction (i.e. from which factory to which factory)? Briefly explain your rationale and relevant calculations. (4 points)
Question 5. Following question 3 and 4, what is the total compliance cost (i.e. two factories combined) if the government chooses Policy Option C? Briefly explain your rationale and relevant calculations. (4 points)
Short Essay Questions (5 points each)
Question 1. Name and explain the three levels of sociocultural systems. (2 points) Give one real-life example in each level. (1 point) Explain the "Duality of Human Life". (2 points)
Question 2. From a neo-Malthusian perspective, in what ways can technology cause environmental degradation? (2.5 points) In what ways can technology ameliorate environmental impacts? (2.5 points) Use real-life examples to explain
Question 3. What is "green consumption"? (1 point) How could it address environmental issues and produce jobs? Use real-life example to explain. (1 point for each example) What are the potential pitfalls of green consumption? Give two examples. (1 point for each example)
Question 4. Which of the following environmental problems is better suited to solutions derived from the Coase theorem: (a) land-use disputes on adjacent parcels of private property; or (b) reducing water pollution across a region? Explain. (1 point for direct answer, 2 points for each explanation)
Attachment:- Pollution Control.rar