Suppose a political candidate criticizes a government pollution permit policy that she says lets corporations buy and sell the right to pollute. She argues that our right to breathe and the future of our planet require real regulation instead of this type of government policy.

Which of the following describes why most economics would disagree with her statement?

A. Clean air is a fundamental right, and government regulation will allow too much pollution.
B. A free market in tradable pollution permits is typically more efficient than government regulation.
C. The environment is so important that it should be protected as much as possible, regardless of the cost.
D. A corrective tax would result in a more efficient outcome than either tradable permits or government regulation would.

Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above