Author Question: Individuals, firms, and nations should specialize in those activities which have the highest ... (Read 24 times)

biggirl4568 · **on:** Jun 30, 2018

Individuals, firms, and nations should specialize in those activities which have the highest marginal cost.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Would it make good sense for a community to seek to reduce its levels of pollution to zero? Why or why not?

maaaaaaaaaa · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

False

Answer to Question 2

In general it would not make sense for a community to seek to reduce pollution levels to zero because the costs involved would exceed the benefits received.