Which of the Following Statements About the Economically Efficient Level

question 141

Multiple Choice

Which of the following statements about the economically efficient level of air pollution is correct?

• A)The economically efficient level of pollution is zero.
• B)The economically efficient level of pollution occurs where all social costs equal all social benefits.
• C)The economically efficient level of pollution occurs where the marginal cost of pollution reduction equals the marginal social benefit of reduction.
• D)The economically efficient level of pollution occurs where total benefits of pollution reduction are maximised.

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Definitions:

Racial Equality

The principle that individuals should not be discriminated against based on their race and should have equal rights and opportunities.

Eighteenth Century

The period from January 1, 1701, to December 31, 1800, in the Gregorian calendar, marking the 18th century.

Ethnic Differences

The distinctions and diversities that exist among various ethnic groups, often pertaining to culture, language, or identity.

Sex Ratio

The demographic concept indicating the proportion of males to females in a population.