Public Policy Makers Typically Do Not Have Totally Accurate Information

question 1

Multiple Choice

Public policy makers typically do not have totally accurate information about the pollution control costs that firms or industries face in the real world. Accurate information regarding the costs of adaptation is, for the most part, _____________.

• A) unavailable
• B) private information
• C) public information
• D) market information

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Definitions:

Global Pollution

Environmental damage that crosses international borders, affecting air, water, and land on a worldwide scale.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing to sell at a given overall price level and in a given time period.

Aggregate Demand

The combined appetite for every good and service across an economy, pegged at a general price level during an established time period.

Climatic Changes

Significant and lasting changes in weather patterns over periods ranging from decades to millions of years, often attributed to natural and human activities.