Answer the following statement(s) true (T) or false (F)

1. The change in health, ecological, and property damages linked to environmental policy is known as incremental benefits.
2. An indirect gain to society attributable to environmental policy implementation is referred to as a primary environmental benefit.
3. Increased fish populations linked to water pollution policy would be a type of secondary environmental benefit.
4. In theory, the concept of incremental benefits refers to the change in MSB of environmental quality from a pre-policy level to a post-policy level.
5. If the MSB function for some measure of environmental quality were known, the change in TSB associated with a policy initiative could be measured by the area under the MSB between the pre- and post-abatement levels.


1. True
2. False
3. False
4. False
5. True

Economics

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If we were to examine the economic record of the former Soviet Union and China during the 1980s, we could reasonably conclude that

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Economics

Which of the following is a determinant of supply?

A) tastes and preferences of consumers B) technology C) consumer income D) number of consumers

Economics