Chapter 9: Criteria for Evaluating Environmental Policy

Question 1

5 primary criteria for policies

Answer 1

efficiency and cost effectiveness

fairness

incentive for innovation

enforceability

morality

Question 2

A centralized policy is one where

Answer 2

an administrative agency is responsible for determining the policy (policies enacted by the fed)

Question 3

A decentralized policy is one where

Answer 3

many different individuals make decisions about the policy (allow individuals to choose their own way of becoming compliant)

Question 4

A policy is cost effective if

Answer 4

it produces the maximum environmental improvement possible, given the resources being expended, or, it achieves a given amount of environmental improvement at the lowest possible cost.

Question 5

An efficient policy is one that

Answer 5

moves us to or near the point where MAC = MD

For a policy to be efficient it must be cost effective, but not vice versa