Which of the Following Approaches Would an Economist Propose to Address

question 73

Multiple Choice

Which of the following approaches would an economist propose to address industrial pollution of a river?

• A)Ban all dumping of pollutants near or into the river
• B)Limit each plant to a maximum amount of pollutant emission
• C)Charge each polluter a fixed amount for each unit of pollutant dumped into the river
• D)Direct pollution control regulation
• E)Command and control pollution regulation

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Definitions:

Expected Expense

Expected expense is a forecasted cost anticipated to be incurred in the execution of a plan or operation.

Expected Revenue

The anticipated amount of money a business will receive from its operations, calculated by multiplying potential sales quantity by the selling price.

Expected Revenue

The anticipated income from the sale of goods or services, calculated by multiplying the expected sales volume by the unit price.

Standard Deviation

Standard deviation is a statistical measure that quantifies the variability or dispersion of a set of data points or distribution from its mean.