In General,the Economist's View on Allocating Resources to Reduce Pollution

question 28

Multiple Choice

In general,the economist's view on allocating resources to reduce pollution is that

• A)it is not allocatively efficient to reduce pollution.
• B)the reduction of pollution should proceed up to the point where the marginal cost of pollution reduction equals the marginal benefit to society.
• C)the extent of pollution reduction should be based only on a comparison of total costs and total benefits to the environment.
• D)all forms of water and air pollution should be eliminated.
• E)government policies to reduce pollution have zero opportunity cost.

---

Definitions:

Personal Selling Process

A sequence of seven steps that salespeople follow to acquire new customers and obtain orders: prospecting and qualifying; preapproach; approach; presentation; handling objections; gaining commitment; and follow-up.

Qualified Prospects

Potential customers who have been researched and evaluated and are deemed to have a high likelihood of becoming buyers.

New-business Salespeople

Sales professionals specialized in identifying, engaging, and converting prospects into new customers, vital for business growth and market expansion.

The Approach Step

A phase in a process or strategy that involves moving towards a specific goal or objective through planned actions.