Environmental quality is
A. a public good.
B. best improved through government’s prohibiting externalities.
C. maximized when costs of pollution are external.
D. minimized when optimal levels of pollution are produced.
Answer: A
You might also like to view...
One of the strengths of a socialist economy, according to those who advocate such a system, is that government intervention will enable a more equitable distribution of income and therefore goods and services produced
a. True b. False Indicate whether the statement is true or false
The intertemporal substitution hypothesis suggests that hours of work should
A. be greatest during peak wage years. B. steadily decrease with age. C. increase immediately prior to retirement. D. steadily increase with age. E. be greater for women than for men.
A product that must be actually consumed before the quality of the product can be determined is a(n)
A) search good. B) consumable good. C) consumption good. D) experience good.
For a monopsonist in the labor market, the marginal resource cost of labor is:
A. Higher than the wage rate or price of labor B. Less than the wage rate or price of labor C. Equal to the wage rate or price of labor D. Inversely related to the wage rate or price of labor