Which of the following statements about pollution or pollution control is TRUE?
A) A nationwide uniform tax on emissions is the appropriate way to reduce pollution levels.
B) A tax to reduce pollution levels should be based on the economic damages rather than on the absolute amount of pollution.
C) Private costs of pollution usually exceed social costs.
D) The optimum amount of pollution abatement is where the total benefits of pollution abatement equal the total costs of pollution abatement.
B
You might also like to view...
The Board of Governors of the Fed consists of: a. seven elected members
b. seven members appointed by the president. c. a representative from each of the 12 district banks. d. 12 elected members. e. 12 members appointed by the president.
The Laffer curve shows the exclusively direct relationship that exists between tax rates and tax revenues
Indicate whether the statement is true or false
Real GDP is the product of the
A. total hours of work times the labor force. B. labor force times the output per hour. C. nation’s capital stock times the output per hour. D. total hours of work times the output per hour.
Answer the following statement true (T) or false (F)
1) Fiscal policy is more susceptible to politicization than monetary policy. 2) Changes in tax rates are a form of monetary policy. 3) Monetary policy attempts to change the level of spending by altering interest rates. 4) The problem of limited and bundled choices explains why many voters cannot fully express their political preferences. 5) Regulatory capture occurs when government exerts excessive control over an industry.