Some people were concerned that the 1990 amendments to the Clean Air Act (CAA) would generate “hot spots” of pollution—localized areas with very high concentrations of pollutants. Why might the amendments lead to such “hot spots”? Are these “hot spots” necessarily a bad thing from an overall social welfare perspective? Explain.
Answer to relevant QuestionsThe National Institute on Drug Abuse describes four-year trends in teenage smoking, drinking, and other drug use on the Web at http://www.nida.nih.gov/infofax/hsyouthtrends.html. According to this site, for which age groups ...Some observers argue that since carbon dioxide (CO2) and temperature levels have been much higher in Earth’s history than they are today, the current concerns about the human contribution to global warming are overblown. ...When Wisconsin had lower drinking ages than its neighboring states, it experienced higher levels of alcohol-related crashes in its border counties than in other counties in its interior. What does this finding imply for the ...Think of an example of a free rider problem in your hometown. Can you think of a way for your local government to overcome this problem? A new public works project requires 200,000 hours of labor to complete. a. Suppose the labor market is perfectly competitive and the market wage is $15. What is the opportunity cost of the labor employed for the project? b. ...
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