Use the Following to Answer Questions

question 52

Multiple Choice

Use the following to answer questions:
Figure: Efficiency and Pollution
-(Figure: Efficiency and Pollution) Look at the figure Efficiency and Pollution. If the government imposed an environmental standard that did NOT allow the quantity of pollution to exceed 40 tons, there would be:

• A) a socially optimal quantity of pollution.
• B) too little pollution, because its marginal social benefit would exceed its marginal social cost.
• C) too much pollution, because its marginal social cost would exceed its marginal social benefit.
• D) too much pollution, because any pollution is too much from an economist's perspective.

---

Definitions:

Ethics

Moral principles that govern a person's behavior or the conducting of an activity, often determining what is good or acceptable in society or a profession.

Myers-Briggs Type Indicator

A psychological assessment tool that categorizes individuals into personality types based on their preferences in perception and decision-making.

Utilitarian Principle

An ethical framework suggesting that the best course of action is the one that maximizes overall happiness or well-being and minimizes harm or suffering.

Ethical Decision Making

Ethical decision making is the process of choosing actions that are morally right and fair in various situations, often guided by ethical principles and values.