Evidence suggests that the marginal social cost of pollution reduction:
a. increases as pollution reduction increases
b. remains constant as pollution reduction increases.
c. decreases as pollution reduction increases.
d. equals zero since it is beneficial to reduce pollution.
a
You might also like to view...
Refer to the accompanying figure. Suppose a law is passed requiring restaurants to charge no more than $25 per meal. This law would:
A. increase producer surplus. B. have no effect on producer surplus. C. decrease producer surplus. D. have an ambiguous effect on producer surplus.
Which of the following will be affected if consumers take money out of checking accounts to pay their credit cards?
A. M1 B. M2 C. M3 D. L
In the figure above, the tariff ________ U.S. imports of shirts by ________ million shirts per year
A) decreases; 16 B) decreases; 8 C) increases; 8 D) increases; 4
Critics of the current system of Fed independence contend that
A) the current system is undemocratic. B) voters have too much say about monetary policy. C) the president has too much control over monetary policy on a day-to-day basis. D) the Board of Governors is held responsible for policy missteps.