Private and Competitive Markets Could Produce Efficient Levels of Pollution

question 75

Multiple Choice

Private and competitive markets could produce efficient levels of pollution if

• A)left alone by government regulators.
• B)regulated by government through direct controls.
• C)the appropriate tax per unit of pollution were administered and enforced.
• D)the producers were made aware of the pollution externality.
• E)the worst polluting firms were closed down.

---

Definitions:

Cognitive Development

The process of growth and change in intellectual capabilities, influencing how an individual perceives, thinks, and understands the world.

Air Pollution

The presence of toxic chemicals or compounds in the air, at levels that pose a health risk to humans and the environment.

Maturation

The process of development in which an individual matures or reaches full functionality or potential, often biologically driven.

Genetic Program

The set of instructions encoded in the DNA of an organism that directs the development, functioning, and reproduction of that organism.