Which of the Following Criteria Should Be Used to Evaluate

question 254

Multiple Choice

Which of the following criteria should be used to evaluate if government intervention in a market for the purpose of environmental protection is justified?

• A)Does the intervention program reduce pollution to zero using the least costly method?
• B)Is the intervention program economically efficient?
• C)Does the intervention program make the amount of economic surplus as large as possible?
• D)Is the damage to the environment from government intervention as small as possible?

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Definitions:

Relative Deprivation

Relative deprivation refers to the experience of feeling deprived of something to which one believes they are entitled, often by comparing oneself to others.

Self-Perceived Happiness

An individual's subjective assessment of their own level of happiness and well-being.

Emotion-Focused Coping

A strategy for managing stress that involves trying to reduce the negative emotional responses associated with stress, rather than solving the problem causing the stress.

Happiness Ratings

A measure of how individuals report their own subjective well-being and contentment.