According to the materials balance model
a. recycling permanently eliminates residuals
b. only production can damage the environment
c. residuals arise from both consumption and production
d. only households undertake recycling and reuse
c. residuals arise from both consumption and production
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Refer to Scenario 14.4. Suppose that a tax is imposed on each unit of the product that John produces. Which curve will shift?
A) Marginal product of labor B) Marginal revenue product of labor C) The supply of labor D) All of the above will shift due to the tax on output.
Suppose a new market for tradable pollution permits is created. As long as there is a free market for the pollution rights, the final allocation will be __________ , regardless of the initial allocation of permits
Fill in the blank(s) with correct word