Answer the following statement(s) true (T) or false (F)
1. From an economic perspective, the zero discharge goal meets the efficiency criterion by accounting for both the benefits and costs of that objective.
2. According to available data, most water bodies in the United States have met the zero discharge goal.
3. The effluent limitations are set to maximize net benefits.
4. Because the effluent limitations are set uniformly, achieving a cost-effective solution is unlikely.
5. In order for the effluent limitations to achieve cost-effectiveness, the MACs of all polluters would have to be equal.
1. False
2. False
3. False
4. True
5. True
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Refer to Figure 14.1. Other things equal, an increase in government spending on infrastructure projects is best represented as a movement from
A) point X to point Y. B) point Z to point X. C) point Z to point Y. D) point Y to point X.
In economics, welfare analysis is useful to
A) gauge the validity of "mend it, don't end it." B) determine who should receive income transfers. C) determine who gains and who loses in a particular policy option. D) prove which policy option is "best."