(Answered) 1 what is the precautionary principle how do the fda and

Economics

1. What is the "precautionary principle"? How do the FDA and EPA differ with respect to its use?

2. How does a pollution cap resemble a pollution tax? Whats the difference between them?

3. Under what circumstances is permit trading a necessary part of "cap-and-trade," and under whatcircumstances can a policy have "cap-and-no-trade"?

4. What is the difference between an economic cost and an economic transfer, and how is this relevant in incentive-based environmental policies?

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