The Standard Economists Use to Assess Whether an Activity Should

question 3

Multiple Choice

The standard economists use to assess whether an activity should be undertaken is

• A) majority vote
• B) the marginal benefit assessment.
• C) the gold standard
• D) economic efficiency.

---

Definitions:

Chlorofluorocarbons

Synthetic organic compounds once widely used in aerosols and refrigeration, known to deplete the ozone layer and contribute to global warming.

Air Conditioners

Devices designed to regulate the temperature and humidity within a space, contributing to human comfort and preservation of goods.

Fire Extinguishers

Devices designed to suppress fires through the application of a substance such as foam, water, or dry chemical.

Ultraviolet Radiation

A form of electromagnetic radiation that comes from the sun and artificial sources like tanning beds, which can cause skin damage, eye problems, and increase the risk of skin cancer.