9.3 acquired regulation Flashcards
regulation
Any legislation, taxes, subsides, or rules set by federal, state or local government agencies
acquired regulation
Regulation that actually benefits the regulated industry.
policies beneficial to a regulated industry
1.Direct Subsidy
2. Control of entry of new rivals
3. Policies that harm substitutes and help complements
4. Price fixing
direct subsidy example
corn growers were interested in ethanol subsidies because ethanol is made from corn
they could not argue that they should get money from the government, so they adapted global warming as they main concern
control of entry of new rivals example
Firms that already operate are grandfathered in. New
firms must complete the EIA. This delays new rivals
Newer firms tend to use more modern technology and thus would pollute less.
The law effectively keeps firms older on average than they would be otherwise.
environmental impact assessment (EIA)
The process of examining the anticipated environmental effects of a proposed project. It will have the following stages:
* Consideration of environmental effects of at the design stage,
* Create of an Environmental Impact Assent Report (EIAR)
* Evaluation of the EIRA by a competent authority
* The authority’s decision on whether the project should be allowed to proceed,
* Public response to that decision.
Policies that harm substitutes and help complements examples
GMOs are restricted as a result of organic farming
These bans on GMOs restrict a substitute for organic producers
organic farming
Organic is a labeling term that indicates that the food or other agricultural product has been produced through approved methods. The organic standards describe the specific requirements that must be verified by a USDA-accredited certifying agent before products can be labeled USDA organic. Overall, organic operations must demonstrate that they are protecting natural resources, conserving biodiversity, and using only approved substances. Genetically Modified Organisms are prohibited
genetically modified organism (GMO)
A genetically modified organism (GMO) or genetically engineered organism (GEO) is an organism whose genetic material has been altered using genetic engineering techniques. Genes from one organism are transplanted into the nucleus of another
food miles
Food must be transported to the place where it will be eaten.
GHG emissions occur during the transportation therefore locally grown food is better for the environment (T or F)
false!!!
locally grown food may be inefficient because certain foods will be raise in conditions that are not ideal
pros and cons of local food
Having government favor local foods benefits the producers of those foods by eliminating some competition
Local, organic farming is not always as safe or as good for the environment as people imagine.
