Consider the Choice Between an Economic Bad, Air Pollution, and a Measure

question 93

Multiple Choice

Consider the choice between an economic bad, air pollution, and a measure of expenditure on all other goods, income. The MRS of the indifference curves in this space:

• A)is zero.
• B)is positive.
• C)is negative.
• D)is not defined properly.

---

Definitions:

Ectoderm

The outermost layer of cells or tissue of an embryo in early development, giving rise to the epidermis and nervous system.

Endoderm

The innermost layer of cells or tissue of an embryo in early development, which gives rise to the lining of the digestive and respiratory systems.

Periderm

A protective tissue in plants, making up the outer layer of the bark in woody plants.

Yolk Sac

An extra-embryonic membrane in early embryonic development that provides nutrition to the developing embryo.