Author Question: Permanent differentials in resource prices will cause a. all of the following b. the allocation of ... (Read 70 times)

fasfsadfdsfa · **on:** Jun 30, 2018

Permanent differentials in resource prices will cause
a. all of the following
b. the allocation of fewer resources to lower-paid uses
c. the equalization of payments for the same resource in different uses
d. no change in the allocation of resources
e. the allocation of more resources to higher-paid uses

Question 2

The optimal level of air quality
a. is 100 percent, which creates a pollution-free environment
b. is smaller the lower the marginal social cost of air quality
c. is greater the lower the marginal social benefit of air quality
d. is greater the lower the marginal social cost of air quality
e. is smaller the greater the marginal social benefit of air quality