You are out raking leaves when a neighbor walking their dog (or cat... it happens) stops to talk with you about industrial pollution and public policy.

a)At the beginning of the conversation, your neighbor claims, "The only economically efficient level of pollution is none." How do you respond?

b)Next, your neighbor asks you to describe in plain language how a tradeable permit system works. It was not an invitation to give a lengthy lecture on tradeable permits or to Clearly and accurately summarize this policy approach in your own voice. What do you have to say?

c)Following your succinct, clear, and original description of a tradeable permit system, your neighbor asks, "So, do permits offer the best of both emissions fees and emissions standards?" How do you respond?