Author Question: For society as a whole, the optimal amount of pollution control exists when: a. the marginal cost ... (Read 69 times)

yoroshambo · **on:** Jun 30, 2018

For society as a whole, the optimal amount of pollution control exists when:
a. the marginal cost of pollution reduction is equal to the marginal benefit of the pollution reduction.
b. firms are allowed to produce as much pollution as necessary to make the goods people want.
c. the marginal costs of pollution clean up exceed the benefits.
d. no pollution is permitted at all.

Question 2

The comparative advantage in a specific good can shift over time from one country to another, as the other countries can produce it at a cheaper cost after imitating the technology.
a. True
b. False
Indicate whether the statement is true or false