Society's Optimal Amount of Pollution Abatement Is Where Society's Marginal

question 164

True/False

Society's optimal amount of pollution abatement is where society's marginal benefit of abatement is zero.

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Definitions:

Locus Of Causality

The position or place within an individual that determines where the cause of behavior is perceived to originate, whether internally (within oneself) or externally (outside factors).

Internal

Pertaining to or situated within something; intrinsic.

External

Originating from outside, not inherent or internal to an entity or individual.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic, concept, method, or decision.