The optimal level of pollution is:
A. the level at which the marginal social cost of air quality equals the marginal social benefit.
B. the level at which the average social cost of air quality equals the average social benefit.
C. the level at which the total social cost of air quality equals the total social benefit.
D. zero.
Answer: A
You might also like to view...
Explain what a dual exchange rate system is
What will be an ideal response?
The key to understanding changing organizational architecture is that
A. it is costless. B. there are only indirect costs. C. there are only direct costs. D. there are direct and indirect costs.
The most comprehensive measure of aggregate output is
A) gross domestic product. B) net national product. C) the stock value of the industrial 500. D) national income.
The pitfalls of a strict money supply rule can be avoided if the Fed:
A. targets velocity growth. B. targets nominal GDP growth. C. targets money supply growth. D. targets real GDP growth.