The total benefits to society from pollution abatement
A. increase at a decreasing rate with the increase of pollution abatement.
B. decrease at an increasing rate with the increase of pollution abatement.
C. decrease at a decreasing rate with the increase of pollution abatement.
D. increase at an increasing rate with the increase of pollution abatement.
Answer: A
You might also like to view...
Which of the following explains why frictional unemployment exists in an economy?
A) It arises because job search is completely a supply side phenomenon in the labor market, and firms make no attempts to advertise for the vacancies they have. B) It arises because most of the workers shirk at work. C) It arises because it takes time for an unemployed worker to find a firm with a well-matched job vacancy. D) It arises because unemployment benefits encourage workers not to look for jobs.
A negative supply shock in the short run causes
A) unemployment to fall. B) the aggregate supply curve to shift to the left. C) equilibrium real GDP to rise. D) the price level to fall.
Cost minimization suggests that two inputs should be employed to the point where
A) the marginal cost of each input is identical. B) the marginal revenue product of each input is identical. C) the marginal physical product per dollar spent on each input is identical. D) the extra contribution to physical output of the inputs is identical.
When economic choice involves an adjustment to an existing situation, marginal analysis
a. has no practical applications or real-world uses b. eliminates incorrect decisions and bad choices c. involves comparing the additional costs and additional benefits of an activity before deciding d. involves examining only the total costs and total benefits of an activity before deciding e. none of the above