Regulations to Reduce Pollution

question 265

Multiple Choice

Regulations to reduce pollution

• A) cause pollution levels to drop below the regulated amount.
• B) are a more costly solution to society than a corrective tax.
• C) allow firms with the lowest cost to reduce pollution by more than those with highest costs.
• D) are a better solution for the environment than a corrective tax.

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Definitions:

Factor

An element or constituent that contributes to a result or outcome.

Population Means

The average value of a characteristic in a population, and a parameter that is often estimated from sample data.

ANOVA

Analysis of Variance, a statistical method used to compare means of three or more samples, testing the hypothesis that all samples are taken from populations with the same mean.

Equal Variances

A statistical assumption that the variances of the items being compared are the same across all levels or groups.