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

question 13

Multiple Choice

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

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

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Definitions:

Religious Organizations

Groups or institutions dedicated to the practice and propagation of religious beliefs.

Central Government

The chief national authority governing a country, typically responsible for national policies and affairs.

Largest Purchasers

Entities or individuals that buy goods or services in large quantities, often having significant influence over market prices.

Payroll Companies

Businesses that specialize in managing the compensation of employees for other companies, including wages, taxes, and other deductions.