(Last Word) Since It's Not Possible for Governments to Know

question 53

Multiple Choice

(Last Word) Since it's not possible for governments to know the costs of pollution abatement as well as the polluters know themselves, then there is a(n)

• A) asymmetric information problem.
• B) externality problem.
• C) moral hazard problem.
• D) problem with the law of demand.

---

Definitions:

Epidemiology

The study of disease patterns to understand the cause of illnesses, how they are spread, and what interventions to take.

Epidemiologists

Professionals who analyze the spread, control, and prevention of diseases within populations.

Analyze Data

The process of inspecting, cleaning, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.

Spread

The act or process of extending, widening, or distributing something over a wider area or among a large number of people.