The marginal external damages of pollution, MEDP, curve could also be viewed as the marginal benefits of pollution abatement.

a. true
b. false

Ans: a. true

Economics

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What do we mean when we state that a particular principal-agent payment scheme is inefficient?

A) The principal and agent could find another agreement that would increase the sum of the owner's revenue and the worker's payment. B) The agreement involves the highest level of effort for the worker. C) The agreement leads to the lowest level of revenue for the owner. D) The sum of the income taxes paid by the owner and the worker is too high.

Economics

A change in which of the following variables does not cause a change in demand?

a. prices of unrelated goods b. incomes of demanders c. the number of demanders d. tastes of demanders

Economics