Suppose People Value Clean Air More as Their Incomes Increase

question 103

Multiple Choice

Suppose people value clean air more as their incomes increase, then

• A) the marginal cost curve of pollution abatement to shift left, increasing the degree of air quality.
• B) the marginal cost curve of pollution abatement to shift right, increasing the degree of air quality.
• C) the marginal benefit curve of pollution abatement to shift right, increasing the degree of air quality.
• D) the marginal benefit curve of pollution abatement to shift left, increasing the degree of air quality.

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Definitions:

Statute Violation

An act or omission that contravenes a law formally enacted by a legislative body.

Implied Assumption

An unstated understanding that forms the basis of an agreement or decision, not explicitly detailed but considered as understood by all parties involved.

Known Risk

A risk that is identified, assessed, and understood by individuals or organizations involved in an activity or decision.

Assumption Of The Risk

A defence in tort law in which a person voluntarily enters into a situation with known danger and is therefore not entitled to claim compensation for any resulting injury.