Consider a policy proposal to impose more stringent controls on automobile tailpipe exhausts. Distinguish between the explicit

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Consider a policy proposal to impose more stringent controls on automobile tailpipe exhausts. Distinguish between the explicit and implicit costs of this proposal, and support your discussion with several specific examples of each.

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Environmental Economics and Management Theory, Policy and Applications

ISBN: 978-1111826673

6th edition

Authors: Scott J. Callan, Janet M. Thomas

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Question Posted: Sep 22, 2018 12:56 PM

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Consider a policy proposal to impose more stringent controls on automobile tailpipe exhausts. Distinguish between the explicit

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Explicit costs are outofpocket monetary costs incurred by all sectors of the economy Government cost...View the full answer

Environmental Economics and Management Theory, Policy and Applications

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