Consider Some Type of Industrial Pollution That Generates Air Pollution

question 36

Multiple Choice

Consider some type of industrial pollution that generates air pollution.This industry,if left unregulated,will produce

• A)too much output because they will ignore the marginal external costs.
• B)the efficient level of output.
• C)too little output because they will ignore the marginal external costs.
• D)too little output because they will ignore the marginal external benefits.
• E)too much output because they will ignore the marginal external benefits.

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Definitions:

Significance Level

A threshold chosen by the researcher in hypothesis testing that determines the probability of rejecting the null hypothesis when it is true.

Diet

The sum of the food consumed by an individual or organism, which can be tailored for health, cultural, or weight management reasons.

Weight

A measure of the heaviness of an object; a quantitative characteristic of mass.

Wilcoxon Signed Rank Test

A nonparametric test that compares paired or matched samples to determine if their population mean ranks differ.