Use the Following to Answer Question

question 65

Multiple Choice

Use the following to answer question:
-(Table: Coal Mine Pollution) Use Table: Coal Mine Pollution.The table shows the marginal social benefit and cost of various amounts of pollution from a coal mine.If 5 tons of pollution is produced:

• A)too much pollution is produced.
• B)the efficient amount of pollution is produced.
• C)not enough pollution is produced.
• D)the socially optimum amount of pollution is produced.

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Definitions:

Endowment Policy

An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.

Maximum Loan

The highest amount of money that a borrower can obtain from a lender under a specific loan agreement.

Insured

A person or entity covered under an insurance policy receiving protection against specified risks.

Loan Available

The amount of money that a lender is willing to provide to a borrower under agreed conditions.