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ECS3704 ASSIGNMENT 1 2024 SEMESTER 2 Analyse with the aid of a diagram, why it may be necessary for government to intervene in the case of pollution created by steel production. Using the same diagram, explain the policy options at the disposal of govern$3.01
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ECS3704 ASSIGNMENT 1 2024 SEMESTER 2 Analyse with the aid of a diagram, why it may be necessary for government to intervene in the case of pollution created by steel production. Using the same diagram, explain the policy options at the disposal of govern
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Course
Public Economics (ECS3704)
Institution
University Of South Africa (Unisa)
ECS3704 ASSIGNMENT 1 2024 SEMESTER 2
Analyse with the aid of a diagram, why it may be necessary for government to intervene in the case of pollution created by steel production. Using the same diagram, explain the policy options at the disposal of government to address this issue.
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Table of Contents
Government Intervention in Steel Production Pollution .......................................................................... 3
Need for Government Intervention .......................................................................................................... 5
Policy Options ......................................................................................................................................... 5
Pigovian Taxes ..................................................................................................................................... 5
Regulation ........................................................................................................................................... 5
Tradable Permits ................................................................................................................................. 5
References .............................................................................................................................................. 5
IMPORTANT NOTES TO CONSIDER .......................................................................................................... 7
BMZ ACADEMY 061 262 1185/068 053 8213Page 2 of 8
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