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.

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