Protecting air quality by establishing identical low limits on noxious discharges for all firms is a questionable policy because
A) a little pollution from many sources adds up to excessive pollution.
B) by allowing firms to pollute at all it sacrifices the community's interest to private profit.
C) it does not allow high-cost air polluters to exceed the air pollution limits.
D) it tolerates preventable air pollution.
E) no one knows the possible side effects of the discharges.
C
You might also like to view...
If Jane can produce 3 pairs of shoes per hour, while Bob can produce 2, then ________ has a(n) ________ advantage in producing shoes.
A. Jane; absolute B. Jane; comparative C. Bob; comparative D. Bob; absolute
Suppose that a monopoly is currently producing the quantity at which marginal revenue is less than marginal cost. The monopoly can increase its profit by ________
A) shutting down B) lowering its price and increasing its output C) raising its price and decreasing its output D) lowering its price and decreasing its output
To avoid maturity mismatches, most financial intermediaries tend to
A) have assets whose maturities on average exceed the maturities of their liabilities. B) have assets whose maturities on average are less than the maturities of their liabilities. C) have assets whose maturities on average mirror the maturities of their liabilities. D) hold primarily real assets.
The Justice Department and the Federal Trade Commission are likely to oppose mergers
a. that seem likely to increase efficiency. b. that create a larger firm with economies of scale in a contestable market. c. which will help one of the merging firms out of financial difficulties. d. which threaten to reduce competition.