Resource Use Is Allocatively Efficient If the

question 149

Multiple Choice

Resource use is allocatively efficient if the

• A) total cost of what the resource produces is less than the total benefit of what is produced.
• B) total cost of what the resource produces is equal to the total benefit of what is produced.
• C) marginal benefit of what the resource produces has diminished to zero.
• D) marginal cost of what the resource produces is equal to the marginal benefit of what is produced.

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Definitions:

Air Pollution Control Technology

Technologies and methods used to reduce or eliminate the emission of pollutants into the atmosphere.

Clean Air Act

A United States federal law designed to control air pollution on a national level by setting emissions standards for sources like automobiles and industrial facilities.

NEPA

NEPA stands for the National Environmental Policy Act, a United States environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality (CEQ).

Federal Law

Laws passed by the national government's legislative body that apply uniformly across the country.