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:

Natural Selection

A process in biology by which organisms with traits well-suited to their environment have higher survival rates and reproduction, shaping evolution.

Inherited Traits

Characteristics or qualities passed down genetically from parents to offspring.

Reproduction

The biological process by which new individual organisms are produced, allowing for the continuation of a species.

Inborn Ideas

Concepts or understanding believed to be present in an individual from birth, as opposed to acquired through experience.