Economists Believe That There Are More Efficient Ways to Deal

question 112

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:

Familial Factors

Elements relating to the family environment or genetics that influence an individual's development, behavior, and wellbeing.

Less Prejudiced Person

An individual who demonstrates fewer biases and judgments based on race, gender, sexuality, and other personal characteristics.

Conscious Choices

Decisions made with full awareness and thoughtful consideration, often reflecting personal values and beliefs.

Stereotypes

Oversimplified generalizations about groups of people that may or may not reflect reality.