The Concentration of Methane in the Atmosphere Has Been Shown

question 78

True/False

The concentration of methane in the atmosphere has been shown to be increasing for the last 1,000 years, indicating that humans are not responsible for its generation.

---

Definitions:

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service, including both direct costs and any adverse impacts on third parties.

External Costs

Costs that affect parties who do not directly participate in an economic transaction, often not reflected in market prices (e.g., pollution).

Tax

A required financial imposition or alternative type of assessment placed on taxpayers by government entities to support government budgeting and assorted public outlays.

Efficient Level

Refers to the state where resources are allocated in a way that maximizes the net benefit to society, often achieved when marginal cost equals marginal benefit.