Which objective of an ideal pollution control policy would involve the principle of continuing to reduce pollution by one more unit only as long as the value of the improved environmental quality is greater than the value of ordinary goods that are sacrificed?
a. achieving pollution reduction at least cost
b. motivating advances in abatement technology
c. achieving the efficient level of pollution
d. achieving a zero level of pollution
Question 2
Employers and workers in the protected industry know that the consequences of protection are principally:
a. lower prices for their output, lower profits for owners, and lower wages for workers.
b. higher prices for their output, lower profits for owners, and lower wages for workers.
c. higher prices for their output, lower profits for owners, and higher wages for workers.
d. lower prices for their output, higher profits for owners, and higher wages for workers.
e. higher prices for their output, higher profits for owners, and higher wages for workers.
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