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1. In dealing with air pollution, the complexities of measuring, monitoring, and enforcing pollution limits makes setting limits or imposing fees ________. 
       more difficult but very effective
       more difficult and less effective
       less difficult but more effective
       less difficult and less effective

Question 2.2. Which of the following is NOT one of the methods the government has to deal with external costs? 
       limits or quotas
       fees or taxes
       economical concentration
       marketable permits

Question 3.3. From the perspective of ________, all of the marginal costs and marginal benefits of production and consumption must be considered when determining the quantity to be produced and consumed. 
       economic efficiency
       ecological competency
       conservational diligence
       natural proficiency

Question 4.4. When quotas are used to manage a common resource, the managers of the resource try to set the quota at a production level that maintains the resource and considers the ________ of production. 
       external costs
       private costs
       social costs
       social benefits

Question 5.5. Creating ________ to transform the common resource into private ownership changes the incentives of producers. 
       material assets
       property rights
       production quotas
       efficient equilibrium

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91630704

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