Which of the Following Criteria Should Be Used to Evaluate

question 254

Multiple Choice

Which of the following criteria should be used to evaluate if government intervention in a market for the purpose of environmental protection is justified?

• A)Does the intervention program reduce pollution to zero using the least costly method?
• B)Is the intervention program economically efficient?
• C)Does the intervention program make the amount of economic surplus as large as possible?
• D)Is the damage to the environment from government intervention as small as possible?

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Definitions:

CNBC

A leading cable television network in the U.S. focusing on business news and financial markets coverage.

Bloomberg

A global financial services, software, and media company known for its Bloomberg Terminal and financial data services.

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External Secondary Data

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