Nbspin dealing with air pollution the complexities of

Question

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