The optimal amount of air pollution is
A) found by equating the marginal benefits from reducing pollution by one more unit with the marginal costs of reducing pollution by an additional unit.
B) found by equating the total benefits from reducing pollution by one more unit with the total costs of reducing pollution by an additional unit.
C) found by setting the marginal benefits from reducing pollution by one more unit equal to zero.
D) a meaningless concept since we cannot monetize the environment.
A
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Use the figure below to answer the following question.
In the past few years, the demand for donuts has decreased. This would be illustrated by a change from
A. point 6 to point 3. B. point 2 to point 5. C. point 4 to point 6. D. point 1 to point 2.
The majority of business revenues earned in the United States are earned by
A) proprietorships. B) corporations. C) partnerships. D) cooperatives.
At high levels of interest, borrowers will borrow ____ and suppliers will supply ____.
A. more; less B. less; more C. less; less D. more; more