Business, 15.04.2020 19:03 Jennifer16253

Externalities. The Trump administration has been reversing many of the measures taken by the Obama administration to protect clean air and water. The effect has been to increase profits for some industries (notably chemical and fossil fuels) while reducing profits for other industries as well as public health and safety.
(1 point) How should we evaluate these policy changes? How can we tell if they are good or bad?
(1 point) If people don’t like the Trump Administration’s actions, how might they get the industries that benefit to stop polluting? Could the market lead to the efficient level of pollution if there are full and clear property rights?
(1 point) Would you expect a market to lead to an efficient level of pollution? How might this operate between young children with asthma and the owners of coal-fired power plants? How might between people of different income levels?

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Externalities. The Trump administration has been reversing many of the measures taken by the Obama a...

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