Answer the following statements true (T) or false (F)

Question

1. Command-and-control regulation is inflexible. It usually requires the same standard for all polluters, and often the same pollution-control technology as well.
2. If the pollution tax applies to every source of pollution, then no special favoritism or loopholes are created for politically well-connected producers.
3. Economists value a human life on the basis of studies of the value that people contribute to the economy of their nation.
4. No nation by itself can reduce emissions of carbon dioxide and other gases enough to solve the problem
of global warming—not without the cooperation of other nations.

Answer 1

1. True
This statement is true. Command-and-control regulation is inflexible. It usually requires the same standard for all polluters, and often the same pollution-control technology as well.
2. True
This statement is true. If the pollution tax applies to every source of pollution, then no special favoritism or loopholes are created for politically well-connected producers.
3. False
This statement is false. Economists value a human life on the basis of studies of the value that people place on human lives in their own decisions.
4. True
This statement is true. No nation by itself can reduce emissions of carbon dioxide and other gases by enough to solve the problem of global warming—not without the cooperation of other nations.