To efficiently improve environmental quality, it is usually
A) better to focus on the hardest areas to clean up first since these usually are the biggest problems.
B) more appropriate to concentrate on the physical quantities of pollution rather than on economic costs.
C) best to set up stringent emission standards that must be followed by everyone.
D) better to focus on economic damages rather than physical quantities of pollution.
D
You might also like to view...
Which of the following is unique to perfect competition?
a. The individual firm cannot earn economic profit in the long run. b. It is easy for new firms to enter the industry. c. The market demand curve slopes downward. d. The demand curve facing an individual firm is perfectly elastic. e. The firms in the industry produce a homogeneous product.
Which of the following best describes social benefits?
a. The external benefits to other members of society, ignoring the private benefits to market participants. b. The sum of external benefits and private benefits. c. External benefits minus benefits. d. Private benefits minus external benefits.