Will reducing pollution to zero in a particular industry be economically efficient?
a. Never
b. Always
c. Yes, as long the marginal costs of pollution reduction exceed the marginal benefits
d. Yes, as long as the marginal benefits of pollution reduction exceed the marginal costs
e. Yes, as long as the total benefits of pollution reduction exceed the total costs
Ans: d. Yes, as long as the marginal benefits of pollution reduction exceed the marginal costs
Economics
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Legal foundations of the European model are provided by common law
a. True b. False
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An example of a nontariff barrier would be:
A. A minimum limit on the quantity of imports B. Excessive licensing requirements C. A tax on an imported product D. Voluntary export restraints
Economics