The efficient level of pollution is greater
a. The higher the marginal social benefit of abatement function and the higher the marginal social benefit of abatement function.
b. The higher the marginal social benefit of abatement function and the lower the marginal social benefit of abatement function.
c. The lower the marginal social benefit of abatement function and the higher the marginal social benefit of abatement function.
d. The lower the marginal social benefit of abatement function and the lower the marginal social benefit of abatement function.
c
You might also like to view...
Laws that governments enact to regulate prices are called price barriers.
Select whether the statement is true or false. A. True B. False
What are the macroeconomic policy implications of the rational expectations hypothesis? What should policy makers do and not do?
The more time that elapses, the
A. more price elastic is the demand for the product. B. greater the income elasticity of demand for a product. C. smaller the income elasticity of demand for the product. D. less price elastic is the demand for the product.
To support the argument for an active role for government in stabilizing the economy, it must be true that
A) consumers are not rational and that not all wages and prices are flexible. B) not all wages and prices are flexible and that government must be able to react quickly enough. C) government must be able to react quickly enough and that shocks to the economy be primarily due to aggregate supply shocks. D) shocks to the economy be primarily due to aggregate supply shocks and that consumers are not rational.