(Answered) 1 developers frequently buy land and hold it on speculation

Economics

1. Developers frequently buy land and hold it on speculation; in effect they "bank" land. Should firms be permitted to buy and bank pollution rights in the same say? Would such a practice contribute to overall economic efficiency?

2. "If allowing firms to trade pollution rights lowers the cost of meeting pollution standards, it should also allow government to tighten standards without increasing costs." Do you agree or disagree? Why?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91546909
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question a french monopoly sells its good in france where

Question: A French monopoly sells its good in France where the elasticity of demand is -2.5 , and in Germany where the elasticity of demand is -1.5. Its marginal cost is $ 30 . At what price does the monopoly sell its go ...

Question phillips curve a if the equation for a countrys

Question: Phillips Curve: a) If the equation for a country's Phillips curve is p = 0.03 - 0.25(u - 0.05), where p is the rate of inflation and u is the unemployment rate, what is the short-run inflation rate when unemplo ...

Question consider two ways of protecting elephants from

Question: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all ...

Question state a requires a unitization contract before oil

Question: State A requires a unitization contract before oil production begins from a field, while State B requires a contract only after production has begun. Do you expect that State A or State B will have a larger fra ...

Question you work for dinch plumbing supply your customers

Question: You work for Dinch Plumbing Supply. Your customers tend to be of two types: 1. Plumbers and plumbing companies who buy in large quantities, know exactly what they want, and insist on competitive prices or they' ...

Question think of the commonality and consistencies of

Question: Think of the commonality and consistencies of where consumers spend their money in a recession and during the holiday season. What determinations can you make about purchases? Is there a pattern here? The respo ...

Question assume there are only two producers of tennis

Question: Assume there are only two producers of tennis rackets: Wilson and Prince. The market demand for tennis rackets is depicted by the algebraic formula P = 100 - Q, where P stands for price and Q stands for quantit ...

Question for each of the following absolute values of price

Question: For each of the following absolute values of price elasticity of demand, indicate whether demand is elastic, inelastic, perfectly elastic, perfectly inelastic, or unit elastic. In addition, determine what would ...

Question explain how an expansionary monetary policy

Question: Explain how an expansionary monetary policy affects interest rate and investment. Illustrate your answer using a diagram(s). The response must be typed, single spaced, must be in times new roman font (size 12) ...

Choose five concepts that characterize a price floor

Choose five concepts that characterize a price floor. Maximum legal price set by government Allocative inefficiency arises Minimum legal price set by government Permanent shortage results Price below equilibrium price Pe ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Microeconomics Expert