The marginal benefit to society of reducing pollution declines with increases in pollution abatement because of the law of
What will be an ideal response?
diminishing marginal utility.
You might also like to view...
In the short run, the lowest price that a perfectly competitive firm will accept without closing its doors is found by examining the average variable cost curve.
Answer the following statement true (T) or false (F)
When interest rates in the U.S. increase, we can expect NCO to:
A. decrease, because capital inflow is increasing. B. increase, because capital inflow is increasing. C. decrease, because capital outflow is increasing. D. increase, because capital outflow is increasing.
Supply-side tax cuts are more likely to have the intended beneficial effect on
a. budget deficits. b. consumer spending. c. investment spending. d. net exports.
One complication in the process of reducing inflation by creating recessions is that the price level
A. adjusts more quickly to recessionary gaps than to inflationary gaps. B. does not apply as it does in inflationary gaps. C. always rises. D. rarely falls.