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Chapter 12: Q.37 (page 297)

Can extreme levels of pollution hurt the economic

development of a high-income country? Why or why

not?

Short Answer

Expert verified

The economic prosperity of any country is reliant on its resources, which are rarely hurt by pollution.

Step by step solution

01

Step 1. Introduction

The process of improving an economy's economic, social, and political well-being is known as economic development.

02

Step 2. Explanation

Pollution is a global disaster that has wreaked havoc.

There are a slew of negative repercussions of air pollution. Breathing polluted air causes people (the nation's human resource) to become unwell. They fall unwell. Their job ability deteriorates. A number of historical sites are being desecrated. It costs money to renovate them as well. Similarly, all forms of pollution have an impact on humans, and as a result, the economy's growth is hurt.

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Most popular questions from this chapter

As the extent of environmental protection expands, would you expect the marginal benefits of environmental protection to rise or fall? Why or why not?

Technological innovations shift the production

possibility curve. Look at graph you sketched for

Exercise 12.13 Which types of technologies should

a country promote? Should 鈥渃lean鈥� technologies be

promoted over other technologies? Why or why not?

Is zero pollution possible under a marketable permits system? Why or why not?

What are the three problems that economists have noted with regard to command-and-control regulation?

What is a marketable permit and what incentive does it provide for a firm to account for external costs?
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