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2 weeks ago

Question 1.

Which of the following statements is TRUE about the optimal quantity of pollution?

• Trade-offs exist between producing a cleaner environment and producing other goods and services.

• It equals zero.

• Pollution abatement should continue up to the point where marginal cost equals the average total cost.

• Firms should be allowed to determine the profit-maximizing amount of pollution abatement.

Question 2.

Which of the following best describes the impact of the Emissions Trading Scheme in the European Union between 2005 and the late 2010s?

• Overall greenhouse gas emissions increased.

• Overall greenhouse gas emissions were totally eliminated.

• Overall greenhouse gas emissions were constant.

• Overall greenhouse gas emissions decreased.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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Posts: 69
2 weeks ago
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Answer 1

Trade-offs exist between producing a cleaner environment and producing other goods and services.

Answer 2

Overall greenhouse gas emissions increased.
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