If firms were forced to take into account the full social costs of production, then

A) output would decrease but pollution levels would probably remain at the same levels.
B) output would be unaffected but pollution levels would come down.
C) output and pollution levels would decrease.
D) output could be increased and pollution levels would decrease.


Answer: C

Economics

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The probability of being detected after committing a murder in Richland is 0.8, and if detected the murderer is imprisoned for a minimum of 10 years. What is the expected punishment in this case?

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Economics

The Asian Development Bank has been investing in education and training programs in the developing economies of Asia over the last five years. As a result of this investment, economists who adhere to the human capital view of education would predict

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According to the above table, which assumes that opportunity costs of producing goods X and Y are constant, the opportunity cost of producing one unit of Good Y is ________ units of Good X for Sherry and ________ units of Good X for Holly.

A. 1/2; 2 1/2 B. 25; 10 C. 2; 2/5 D. 50; 40

Economics