Multiple Choice
Pollution is an externality, this means
A) the free market allows households and firms to consume a minimal amount of clean air.
B) it is in the public interest to reduce pollution levels to zero.
C) individuals and firms consume "free" air wastefully.
D) the pricing system sets clean air at a high price.
Correct Answer:
Verified
Correct Answer:
Verified
Q74: The deregulation of oil pricing will<br>A)increase our
Q75: As a competitive economy uses its stocks
Q76: Under perfect competition, the price of a
Q77: Since World War II,<br>A)air pollution has worsened
Q78: Recycling in the United States in recent
Q80: Emissions permits allow polluters to pay for
Q81: Direct controls have traditionally been used heavily
Q82: Environmental problems occur exclusively in capitalist economies.
Q83: If one adopts a pure free-market approach
Q84: A government currently uses price controls to