EBK PRINCIPLES OF MICROECONOMICS (SECON
2nd Edition
ISBN: 9780393616149
Author: Mateer
Publisher: W.W.NORTON+CO. (CC)
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Question
Chapter 7, Problem 12SP
To determine
Explain which of the following makes the economic sense.
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When studying pollution and the environment, economists
A) emphasize costs and benefits.
B) attempt to reduce pollution at all costs.
C) think pollution is good if it occurs when production takes place.
D) have no role to play.
E) concentrate on the physical aspects of the environment.
Tradable pollution permits a. set the price of pollution. b. set the quantity of pollution. c. determine the demand for pollution rights. d. reduce the incentive for technological innovations to further reduce pollution.
create a scipt about pollution as a social issue for a commercial video.
Chapter 7 Solutions
EBK PRINCIPLES OF MICROECONOMICS (SECON
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- Many economists would consider an efficient level of pollution control to occur where the marginal benefit of reducing pollution is ____________ the marginal cost of reducing pollution. a. greater than b. equal to c. less thanarrow_forwardSee attached regarding an environmental issue. I chose pollutants from boats in the ocean.arrow_forwardAn externality Select one: a. all answers are correct b. arises when property rights don’t exist or can’t be enforced. c. is a benefit or cost to parties who are not involved in a transaction. d. can be positive or negative.arrow_forward
- What makes water pollution relevant to the researchers?arrow_forwardFree market economies often promote pollution becausea. environmental costs are hardly ever recognized as part of the economy.b. supply never keeps up with demand, so industry must increase output to address the demand.c. the costs of energy and raw materials are so variable.d. laws about pollution are unenforceable.arrow_forwardWhich of the following is an example of an externality? (x) cigarette smoke that permeates an entire restaurant (y) a flu shot that prevents a student from transmitting the virus to her roommate (z) a beautiful flower garden outside of the local post office Select one or more: a. (x), (y) and (z) b. (x) and (y) only c. (x) and (z) only d. (y) and (z) only e. (y) onlyarrow_forward
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