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:

Stomach

An organ in the digestive system that secretes acid and enzymes to digest food.

Scar Tissue

Fibrous tissue that forms during the healing process of a wound, potentially leading to changes in skin texture and appearance.

Cirrhosis

A chronic liver disease marked by degeneration of cells, inflammation, and significant fibrosis or scarring of liver tissue.

Chronic Liver Disease

Long-term damage to the liver from any cause leading to loss of liver function, which can result in scarring (cirrhosis), liver failure, and other complications.