One of the Conclusions of A.C.Pigou Was That

question 134

Multiple Choice

One of the conclusions of A.C.Pigou was that

• A)a system of mandatory controls is the only effective means to control pollution.
• B)a system of charges can be an effective means to control pollution.
• C)pollution will wither away if a socialist system is in place.
• D)pollution cannot be adequately addressed in a price system.

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Definitions:

Amortization Expense

The process of gradually writing off the initial cost of an intangible asset over its useful life.

Useful Life

Useful life is the estimated duration of time that an asset is expected to be usable for the purpose it was acquired, often influencing depreciation calculations.

Accumulated Depletion

The total amount of natural resources cost that has been allocated as an expense due to the physical removal or consumption of the natural resource.

Contra-Asset Account

An account that is used to reduce the value of a related asset, e.g., allowance for doubtful accounts reduces accounts receivable.