The Marginal Benefit to Society of Reducing Pollution Declines with Increases

question 96

Multiple Choice

The marginal benefit to society of reducing pollution declines with increases in pollution abatement because of the law of

• A) increasing costs.
• B) diminishing returns.
• C) diminishing marginal utility.
• D) conservation of matter and energy.

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Definitions:

Taxpayer

An individual or entity that is obligated to make payments to municipal, state, or national governments, including taxes on income, property, or sales.

Single

A tax return designation for single taxpayers who are ineligible for any other filing statuses.

Understatement

The act of reporting less income or overstating deductions than actually occurred, potentially resulting in tax discrepancies.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.