Explain which policy would be more efficient and why

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1. If each adult angler in the United States would value a 20 percent reduction in toxins at the same rate as anglers in Wisconsin, what annual value would a nationwide 20 percent reduction provide to U.S. anglers?

2. Suppose that in order to decrease smog, the city in which you live is contemplating either (1) requiring everyone to ride a moped to work, or (2) providing each family with 10 gallons of gas per week, which can be bought and sold among families.

(a) Categorize each of these types of policy

(b) Explain which policy would be more efficient and why

Reference no: EM131312237

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