If the Marginal Benefit of Reducing Emissions of Some Air

question 213

Multiple Choice

If the marginal benefit of reducing emissions of some air pollutant is less than the marginal cost,

• A)further reductions will make society better off.
• B)further reduction will make society worse off.
• C)pollution taxes should be imposed on producers to pay for further reductions.
• D)economic efficiency will be increased if further reductions are made.

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Definitions:

Ingroup Bias

The tendency to favor one's own group over other groups, often leading to preference and loyalty towards members of the ingroup.

Bystander Effect

A phenomenon in social psychology where people are less inclined to assist a victim if there are other bystanders.

Reciprocity Norm

A social norm that expects individuals to help those who have helped them, fostering cooperation and mutual aid.

Mere Exposure Effect

A mental effect where individuals start preferring items simply because they recognize them.