Assuming that pollution cannot be removed from the environment at zero cost, the optimal level of pollution
A. will be zero.
B. will be greater than zero.
C. will be negative.
D. cannot be determined.
Answer: B
You might also like to view...
In the United States, the smallest source of expenditure on healthcare is
A) government expenditure. B) private insurance expenditure. C) out-of-pocket expenditure. D) unknown.
A major drawback to cost plus fixed fee contracts when compared to fixed fee contracts is _____
a. firms have an incentive to overbid b. the government must monitor the firm's costs c. the government has an incentive to award bids to the worst companies d. there is an adverse selection problem
The government can _______________ change an inefficient market outcome (in the case where there is a negative externality) into an efficient outcome by imposing a tax on the activity that generates the negative externality
A) in almost all situations B) possibly C) not D) in all situations E) a or d
Which of the following skills would the study of economics help promote?
A. problem solving B. memorization C. critical thinking D. problem solving and critical thinking only.