Question

Assume that the federal government establishes a regulation that sets a limit on the noise from jet airplane engines. This is an example of a(n) __________.

emission tax

tradable emission permit

environmental standard

Pigovian regulation

Answer 1

This is an example of an **environmental standard**. Environmental standards are regulations that set specific limits on the amount of pollution or noise that can be emitted, in this case, from jet airplane engines.