According to Most Economists,which One of the Following Would Be

question 202

Multiple Choice

According to most economists,which one of the following would be the best public policy?

• A)Require businesses to reduce pollution by a level prescribed by the government.
• B)Zero tolerance for pollution.
• C)Rely on private enterprise to reduce pollution as it is ultimately in its best interest.
• D)Provide business firms with incentives to curb their pollution.

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Definitions:

Direct Labor

The pay received by laborers who are directly contributing to the creation of products or the provision of services.

Factory Overhead

The indirect costs associated with manufacturing, including utilities, maintenance, and depreciation of manufacturing equipment.

Direct Materials

Costs of raw materials that are directly used in the manufacturing of a product and can be directly attributed to the goods being produced.

Direct Labor

The direct costs associated with workforce expenses related to manufacturing products or delivering services.