1 Empirical estimates of the damages associated with climate change have become increasingly pessimistic over time. True...
Question:
1 Empirical estimates of the damages associated with climate change have become increasingly pessimistic over time.
True
False
2 The pollution haven hypothesis (PHH) predicts that, all else being equal between two countries, profit-maximizing firms will choose to set up in the country with less strict (i.e. less costly) environmental regulations. What reasons do we have to doubt this hypothesis?
1 Dirty industries are often capital-intensive, while developing nations are often capital-poor.
2 Transport cost for some dirty goods (e.g. cement) are considerable.
3 Most multinational corporations tend to favor the regulatory standards of their home country, no matter where they operate.
4 All of the above.
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts