POSI - Political Science POSI 2320 Study Guide - Midterm Guide: Clean Water Act, Progressive Tax, Tax Rate
23 Aug 2019
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Environmental policies (goals and regulations: protect the environment from human-made pollution. Inefficient distribution of goods and services in the free market: when price mechanism leads to an inefficient allocation of resources and a deadweight loss of economic welfare. Economic externality (concept: term for the price that consumers pay for the company"s products does not reflect the cost to society of the pollution. Environmental protection agency (creation, responsibilities, administration): created in 1970, responsible for enforcing the nation"s environmental laws, levying of fines and sanctions on firms that violate them. Initially met resistance from businesses: led to dramatic improvements in air and water quality. Clean air act 1963: control air pollution in the us. Water quality act 1965: required states to issue water quality standards for interstate waters, authorized the federal water pollution control administration to set standards where states failed to do so. Us chapter 16 income, welfare, and education policy.
