Suppose that in order to reduce the amount of smog, the city where you live is contemplating
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Suppose that in order to reduce the amount of smog, the city where 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 or sold among families.
a) Which broad category of policies does each of these policies fall into?
b) Explain which policy would be more efficient and why.
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Related Book For
Environmental Economics And Natural Resource Management
ISBN: 9780415640954
4th Edition
Authors: David A. Anderson
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