If the marginal benefit of reducing water pollution is constant at $10 per ton, then it is efficient to reduce water pollution:
A. to zero.
B. until the marginal cost of reducing water pollution equals $10 per ton.
C. as long as the marginal cost of reducing water pollution is greater than $10 per ton.
D. to whatever level the market determines.
Answer: B
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The following have strengthened individual control over private property: taxation, zoning, land-use restrictions and eminent domain law
Indicate whether the statement is true or false
Most of the non-cash retail payments made each year in the United States are made by:
A. check. B. electronic funds transfers. C. debit card. D. credit card.
The government program that provides aid to families in need is
A. Social Security program. B. Earned Income Tax Credit. C. TANF. D. Supplemental Security Income program.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,
A. increases B. remains constant. C. initially increases, then decreases. D. decreases.