Author Question: The efficient level of pollution abatement is greater a. The higher the marginal social benefit of ... (Read 48 times)

beccaep · **on:** Jun 30, 2018

The efficient level of pollution abatement is greater
a. The higher the marginal social benefit of abatement function and the higher the marginal social benefit of abatement function.
b. The higher the marginal social benefit of abatement function and the lower the marginal social benefit of abatement function.
c. The lower the marginal social benefit of abatement function and the higher the marginal social benefit of abatement function.
d. The lower the marginal social benefit of abatement function and the lower the marginal social benefit of abatement function.

Question 2

If the world price is above the domestic no-trade equilibrium price, then with international trade, the shortage caused in the domestic market can be met by foreign imports.
a. True
b. False
Indicate whether the statement is true or false