Making a choice at the margin means
A) letting someone else choose for you.
B) waiting until the last minute to make a choice.
C) deciding to do a little bit more or a little bit less of an activity.
D) making a choice by comparing the total benefit and the total cost.
Question 2
A government regulation that bans the use of a certain polluting technology in the production of a good is an example of a ________ to solve an externality.
A) social enforcement mechanism
B) command and control approach
C) market-based approach
D) Coasian approach