The optimal amount of pollution is not zero because
A) it has been found that pollution in moderate amounts actually has positive benefits.
B) there are no benefits to anyone from having zero pollution.
C) zero pollution would be too costly.
D) we don't have the political structure that could accomplish the goal.
C
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Refer to Scenario 5 . What will be the effect on total revenue for Audio Haven if it raises the price for DVD players?
What will be an ideal response?
An externality is internalized if
A. the person(s) or group that generated the externality incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality) or the external costs (in the case of a negative externality) that third parties bear. B. people are made aware of it and realize that social benefits are less than private benefits (in the case of a positive externality) and that social costs are less than private costs (in the case of a negative externality). C. the person(s) or group that generated the externality do not incorporate into their own private cost-benefit calculations the external benefits (in the case of a positive externality) or the external costs (in the case of a negative externality) that third parties bear. D. b and c E. none of the above
Since 1950, there has been ____ in the labor force participation rate
a. no change b. an increase c. a decrease d. first an increase and then a significant decrease
Points inside the Production Possibilities Frontier are
A. associated with some unemployment. B. unattainable. C. both attainable and unattainable. D. attainable.