Multiple Choice
In the U.S., people tend to discard items rather than repair them because
A) Americans are lazy
B) of the high opportunity cost of time
C) it is costly to use land for waste disposal
D) high wages in the waste disposal industry discourages repairs
E) low wages in the repair industry encourages disposal
Correct Answer:
Verified
Correct Answer:
Verified
Q39: When society receives more benefits from a
Q40: The socially optimal amount of pollution abatement
Q41: Renewable resources are those for which<br>A)additional units
Q42: Private markets can allocate resources optimally<br>A)under all
Q43: An externality is<br>A)a cost of a transaction
Q45: Depletion of tropical rainforests is an example
Q46: As more pollution is abated, the total
Q47: When consumption of a good creates positive
Q48: The optimal level of pollution occurs where
Q49: Marginal external costs are<br>A)additional unpriced costs imposed