Empirically measuring the marginal social benefit of pollution is ________ and empirically measuring the marginal social cost of pollution is ________.
A. difficult; relatively easy
B. difficult; difficult
C. relatively easy; difficult
D. relatively easy; relatively easy
Answer: B
You might also like to view...
If the government decreased income taxes by $500 billion and does not pursue a policy change, which of the following would require the private sector to adjust in order to finance the tax decrease?
A) Increase other taxes by $500 billion. B) Reduce transfer payments by $500 billion. C) Reduce expenditures on programs such as education or defense by $500 billion. D) Issue $500 billion in new Treasury Bonds.
If the tax rate increases with an increase in income, the income tax structure is said to be _____
a. proportional b. regressive c. progressive d. lump-sum e. negatively skewed
Market-day supply elasticities can vary between 0 and 1
Indicate whether the statement is true or false
Refer to the information provided in Scenario 36.2 below to answer the question(s) that follow.SCENARIO 36.2: A survey of 1,000 people in Austin, Texas (population 900,000) found that those who have chosen to eat organic produce for at least the past 5 years have experienced fewer serious medical issues than those who have not elected to eat organic produce. Therefore, the conclusion was made that eating organic produce helps prevent people from experiencing serious medical problems.Refer to Scenario 36.1. Which of the following statements pertaining to the scenario is the most accurate with respect to selection bias?
A. The survey exhibits selection bias in that the 5-year time frame used to gauge serious medical issues is not long enough. B. The conclusion exhibits selection bias in that there may be other factors, such as those who eat organic produce also exercise on a more regular basis, that could account for fewer serious medical problems. C. The survey exhibits selection bias in that only 1,000 people were surveyed in a city with a population of 900,000). D. All of the above are correct.