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TRUE or False 1. The Clean Air Act meets the standards of economic efficiency by providing...

TRUE or False

1. The Clean Air Act meets the standards of economic efficiency by providing more benefits than costs.

2. If the EPA sets water quality standards at a certain level, this regulation is an example of a market incentive policy.

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Answer #1

1. True

The Clean Air Act has provided substantial health benefits which helps in protecting from pollution related health problems and improves the health and productivity of workforce. Studies suggest that public health and environmental benefits exceeded the cost by a big margin. The Act has contributed in safeguarding and encouraging technology investments creating environmental technology and services industry which created new employment opportunities. Studies show that benefits estimate exceeds the costs by a factor of more than 30 to one and the high benefits estimate exceeds costs by 90 times.

2. False

If EPA sets water quality standards at a certain level, this will be an example of command and control approach.

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