When the Environmental Protection Agency (EPA) assigns one emission standard to a particular group of plants, this is called

a. monopoly
b. positive externalities
c. a pollution compensation tax
d. the bubble concept
e. a municipal ordinance

D

Economics

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On this graph, which line(s) represent aggregate expenditure?



a. the line marked Y = AE
b. the line marked AE = C + I + G + NX
c. both lines
d. neither line

Economics

The Federal Drug Administration slows the pace at which helpful medications reach the marketplace. The alternative of having the medication available to consumers earlier is an example of:

A. the marginal benefit of the Federal Drug Administration's regulation. B. promoting consumer health in the population. C. the opportunity cost of the Federal Drug Administration's regulation. D. how easy it is to identify and evaluate sunk costs.

Economics