Laws, Customs, Conventions, and Other Institutional Elements That Sustain an Economy

question 23

Multiple Choice

Laws, customs, conventions, and other institutional elements that sustain an economy fall under the category of

• A)rules of the game
• B)human capital
• C)natural resources
• D)financial institutions
• E)capital infrastructure

Evaluate the effectiveness of pollution control methods considering cost and social impacts.

Recognize the role of government intervention in controlling externalities and promoting environmental protection.

Analyze the impact of sorting requirements in recycling programs on the efficiency and costs of waste management.

Understand the concept of social discount rate and its application in policy evaluation.

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