In General,the Economist's View on Allocating Resources to Reduce Pollution

question 13

Multiple Choice

In general,the economist's view on allocating resources to reduce pollution is that

• A)all forms of water and air pollution should be eliminated.
• B)government policies to reduce pollution have zero opportunity cost.
• C)the reduction of pollution should proceed up to the point where the marginal cost of pollution reduction equals the marginal benefit to society.
• D)the extent of pollution reduction should be based only on a comparison of total costs and total benefits to the environment.
• E)it is not allocatively efficient to reduce pollution.

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Definitions:

Ethical Decisions

Ethical decisions are choices made based on moral principles and values, aimed at doing what is right and beneficial for the majority, often involving considerations of fairness, justice, and respect for others.

Narrowly Defined

Describing something in a very specific, limited manner, often focusing on a small scope or detail.

Ethical Perspective

The consideration of moral principles and values in decision-making processes, often guiding an individual or organization's behavior.

Widely Used

Describes something that is commonly or extensively utilized by a broad range of people or in various contexts.