While politicians and the general public often favor a "command-and-control" approach to the reduction of greenhouse gases, many economists favor market-based policies because they completely eliminate negative externalities. rely on economic incentives rather than on administrative rules. convert all negative externalities into positive externalities. eliminate the need for government involvement in all pollution regulation.

Name: while politicians and the general public often favor a command and control approach to the reduction of greenhouse gases many economists favor market based policies because they completely e 58958
Uploaded: 2021-06-13T15:16:25-08:00
Duration: 1 min 42 s
Channel: Kaylee Mcclellan
Description: while politicians and the general public often favor a command and control approach to the reduction of greenhouse gases many economists favor market based policies because they completely e 58958

          While politicians and the general public often favor a "command-and-control" approach to the reduction of greenhouse gases, many economists favor market-based policies because they completely eliminate negative externalities. rely on economic incentives rather than on administrative rules. convert all negative externalities into positive externalities. eliminate the need for government involvement in all pollution regulation.

Added by Christopher P.

Principles of Economics

Gregory Mankiw 8th Edition

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Solved by Expert Kaylee Mcclellan

06/13/2021

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Command-and-control approaches involve regulations and standards set by the government, while market-based policies use economic incentives to encourage reductions in greenhouse gas emissions. Show more…

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While politicians and the general public often favor a "command-and-control" approach to the reduction of greenhouse gases, many economists favor market-based policies because they completely eliminate negative externalities. rely on economic incentives rather than on administrative rules. convert all negative externalities into positive externalities. eliminate the need for government involvement in all pollution regulation.