Economists Believe That There Are More Efficient Ways to Deal

question 168

Multiple Choice

Economists believe that there are more efficient ways to deal with pollution than with environmental standards because these standards do not:

• A)reduce pollution enough.
• B)allow reductions in pollution to be achieved at minimum cost.
• C)internalize the externality.
• D)provide for any means of enforcement.

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Definitions:

Quantitative

Refers to data that can be quantified or measured and expressed numerically, allowing for statistical analysis.

Centimetres

A measurement in the metric system that equals one percent of a meter.

Person's Height

A measurement of how tall an individual is, typically quantified in centimeters or feet and inches.

Negotiation

Negotiation is a dialogue between two or more people or parties intended to reach a beneficial outcome over one or more issues where a conflict exists with respect to at least one of these issues.