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the uncertainty about what type of choice the agency is likely to make
Choose an answer
1 Negative externality 2 Salience
3 procedural uncertainty 4 carbon tax
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Terms in this set (93)
the harm, cost, or inconvenience suffered by a third
Negative externality
party because of actions by others
1. Consumption Tax
Tools for correcting
2. Subsidy
externalities
3. Output Standards
, When too much of a certain good is produced or
inefficient outcome consumed relative to the overall costs and benefits
to society.
the fall in total surplus that results from a market
deadweight loss
distortion, such as a tax
a fee that the government charges polluters for
carbon tax
each unit of greenhouse gas they emit
a plan in which people are taxed not on what they
consumption tax
earn but on what they spend
a tax imposed on an activity that creates a negative
Pigouvian Tax
externality
a benefit received by someone who had nothing to
positive externality
do with the activity that generated the benefit
payments from the government to an institution or
subsidy
individual in return for a behavioral choice
outright bans or limitations on the amount of a given
output standard
externality (ex: air pollution) that may be produced
How strongly people feel about certain political
Intensity
issues.
how much volatility we observe in citizen attitude
stability
over time
the relative importance of a given issue relative to
Salience
other issues
(1970) Environmental Impact Statements must be
done before any project affecting federal lands can
National Environmental
be started
Policy Act
Created Council on Environmental Quality
an independent federal agency established to
Environmental Protection
coordinate programs aimed at reducing pollution
Agency (EPA)
and protecting the environment