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Posts tagged as “Economic Exam”

Air Pollution Balancing Benefits and Costs

Air Pollution Balancing Benefits and Costs True/False Questions 1. Urban air quality is measured in terms of atmospheric concentrations of six common air pollutants. ANSWER: T 2. Global warming is caused by the accumulation of greenhouse gases. ANSWER: T 3. Reduction in stratospheric ozone could cause global warming to occur at a faster pace. ANSWER: F 4. Measurements taken to date show no significant decrease in the ozone layer. ANSWER: F 5. When external costs exist the market outcome will generally be inefficient. ANSWER: T 6. When a marginal external cost exists, the market produces an amount that is greater…