Author Question: As resources move from low-valued uses in a resource market to highly-valued uses in another ... (Read 156 times)

JGIBBSON · **on:** Jun 30, 2018

As resources move from low-valued uses in a resource market to highly-valued uses in another resource market, the price paid to the resource in the highly-valued market will
a. not be affected, if the change is temporary
b. increase, if the change is temporary
c. remain the same
d. decrease
e. increase, if the change is permanent

Question 2

To achieve the socially optimal level of pollution, the biggest polluters should be targetted for the greates reduction in pollution.
a. True
b. False