If both the marginal social benefit of abatement function and the marginal social benefit of abatement function shifted up.
a. The greater would be the efficient level of pollution abatement
b. The smaller would be the efficient level of pollution abatement.
c. There would be no change in the efficient level of pollution abatement.
d. We do not know whether the efficient level of pollution abatement would rise or fall.
d
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Refer to the figure above, which shows a country's possible production possibility frontiers and indifference curves. If the country is producing at ________, then moving to ________ will cause utility to ________
A) point c; point b; remain unchanged B) point a; point b; increase C) point c; point b; increase D) point c; point b; decrease E) point a; point c; remain unchanged
If a nation imposes a tariff on an imported product, then the nation will experience a(n):
A. Decrease in total supply and an increase in the price of the product B. Decrease in demand and a decrease in the price of the product C. Decrease in supply of, and an increase in demand for, the product D. Increase in supply of, and a decrease in demand for, the product