When estimating incremental environmental costs, the survey approach

a. relies on expert knowledge about abatement technology
b. is a more direct means of gathering abatement cost data than the engineering approach
c. finds the level of abatement expenditures based on least-cost technology
d. suffers from no inherent biases associated with polluting sources

b. is a more direct means of gathering abatement cost data than the engineering approach

Economics

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When a recession ends, the turning point that immediately follows is called a

A) trough. B) peak. C) depression. D) None of the above answers is correct.

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A firm experiencing constant economies of scale will have a long-run average cost curve that is:

a. upward sloping b. vertical c. downward sloping d. horizontal

Economics