Author Question: Other things equal, similar resources in alternative uses will be paid a. different amounts based ... (Read 66 times)

JGIBBSON · **on:** Jun 30, 2018

Other things equal, similar resources in alternative uses will be paid
a. different amounts based on their different uses
b. different amounts based on the alternative uses
c. different amounts if resources are mobile
d. similar amounts if resources are not mobile
e. similar amounts if resources are mobile

Question 2

When using the traditional command-and-control approach to environmental regulation, the government attempts to
a. set a minimum requirement and then allows the firm to determine the most efficient method for achieving this requirement
b. determine the most efficient method for different industries
c. make allowances for differences across industries and between firms
d. set engineering standards that are applicable to all situations and does not recognize unique circumstances
e. set a maximum requirement and they allows the individual firm the latitude of choosing the most efficient method