The marginal cost to society of reducing pollution increases as the level of pollution reduction increases because of the law of
A. Increasing externalities.
B. Demand.
C. Diminishing marginal utility.
D. Diminishing returns.
Answer: D
You might also like to view...
Which of the following is NOT a benefit of economic growth?
A) reduction in illiteracy B) improved health C) urban congestion D) longer lives
All charitable donations in Richland are tax-deductible. However, it was found that the volume of charitable contributions declined significantly when the income tax rate in Richland was lowered
What is the reason behind such an outcome? Explain with an example.
Refer to Figure 2-4. Consider the following events:
a. an increase in the patent protection period to 75 years b. a hurricane that destroys a substantial portion of a nation's capital stock c. the implementation of a secure and enforceable property rights system Which of the events listed above could cause a movement from W to Z? A) a, b, and c B) a only C) a and c only D) a and b only E) b and c only
The financial intermediaries that the average person interacts with most frequently are
A) exchanges. B) over-the-counter markets. C) finance companies. D) banks.