Economists Have Determined That to Find the Socially Efficient Level

question 6

True/False

Economists have determined that to find the socially efficient level of pollution, the marginal social benefit from abatement equal the marginal social costs of abatement.

---

Definitions:

Problem Solver

An individual or tool that identifies, analyzes, and finds solutions to complex or challenging situations.

Pertinent

Relevant or applicable to a particular matter; aptly or effectively related.

Stroop Effect

A phenomenon demonstrating the interference in reaction time when performing a task, typically illustrated by the difficulty of naming the color of a word when the word itself is a different color.

Automatic Actions

Activities that are performed without conscious thought or attention, typically through learned habits.