Zero Pollution Is Almost Surely NOT a Desirable Social Goal

question 93

Multiple Choice

Zero pollution is almost surely NOT a desirable social goal because

• A)the marginal benefit is equal to zero.
• B)the marginal cost is equal to zero.
• C)the totals costs of complete pollution elimination will be far greater than the total benefits.
• D)the total benefits of complete pollution elimination will be far greater than the total costs.
• E)society benefits by employing people in the "pollution fighting" industry.

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Definitions:

Par Value

A nominal value assigned to a share of stock in the charter of a corporation, which does not necessarily reflect its market value.

Common Stock

Equity securities representing ownership in a corporation, providing voting rights, and a dividend claim on earnings.

Cumulative Nonparticipating Preferred Stock

Preferred stock that accumulates unpaid dividends, which must be paid out before dividends can be distributed to common stockholders, but does not participate beyond the fixed dividend.

Cash Dividends

A redistributive payment of a portion of a company's earnings, made in cash, to its shareholders.