ENCO 4362 - U.S. Energy Policy & Regulation || All
ENCO 4362 - U.S. Energy Policy & Regulation || All
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ENCO 4362 - U.S. Energy Policy & Regulation || All Answers Are Correct 100%.
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ENCO 4362 - U.S. Energy Policy & Regulation || All
Institution
ENCO 4362 - U.S. Energy Policy & Regulation || All
Administrative Procedures Act (APA) correct answers Established procedures an agency must follow to promulgate binding rules and regulations within the area delegated to it; sets out rules that govern how Administrative Agencies create new legislation
Baptists & Bootleggers Theory of Regulation ...
ENCO 4362 - U.S. Energy Policy & Regulation || All Answers
Are Correct 100%.
Administrative Procedures Act (APA) correct answers Established procedures an agency must
follow to promulgate binding rules and regulations within the area delegated to it; sets out rules
that govern how Administrative Agencies create new legislation
Baptists & Bootleggers Theory of Regulation correct answers Odd combinations can come
together to form a coalition for the SAME CAUSE, but for DIFFERENT MOTIVATIONS
Benefit-Cost Analysis correct answers Analysis of the benefits and costs associated with an
action and its alternatives, including no action at all.
How are benefits measured in BCA? correct answers Benefits are measured by the willingness of
individuals to pay for the outputs of the policy or project in question.
What is the proper calculation of costs in BCA? correct answers The proper calculation of costs
is the amount of compensation required to exactly offset the negative consequences. Willingness
to pay/compensation should each be the dollar amount that would leave every individual just as
well off following the implementation of the policy as before it.
Three Kinds of Benefits correct answers 1) Revenues collected by producers
2) Domestic consumer price saving
3) Reduced cost of economic disruption
Three Kinds of Costs correct answers 1) Direct costs of production
2) Loss of use value
3) Loss of non-use value
Cap & Trade correct answers The cap aspect establishes a limit on the amount of pollution that
can be released. The trade aspect allows companies to generate revenue and allows them to be
more flexible. The idea is that some companies will be more advanced and can meet the caps and
thus sell/trade their credits. .
Externalities correct answers When one party's actions impose uncompensated costs or benefits
(can be + or -) to an unrelated third party
Federal Register correct answers Official compilation/journal of all regulations, rules, proposed
rules, & public notices issue by Federal Agencies
Life Cycle Analysis (LCA) correct answers Helps companies to understand the environmental
impacts associated with their products, processes, & activities (from cradle to grave)
What are the THREE (3) interrelated components of LCA? correct answers 1) Life Cycle
Inventory (EASY - what goes in)
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