The Human Capital approach:

Which of the following is not a criteria air pollutant monitored by the EPA.

The reason pollution occurs is because people tend to:

Which of the following can be used to estimate the existence value of an environmental good or service?

Table 13.3 contains hypothetical data on the social costs and benefits incurred in improving water quality in a lake. The current level of pollution is 25 PPM. Show your calculations for MSC and MSB.   Pollution Abatement (PPM) 0 5 10 20 25 Social Benefit 360 570 720 810 840 Social Cost 60 75 105 195 300 MSC           MSB               What is the marginal social benefit (in dollars per PPM) of increasing pollution abatement from 5 to 10 PPM in Table 13.3?  

If an electric company does not have to pay for its contribution to acid rain, then it will be producing:

External costs refer to:

The equilibrium price is  

Production possibilities:

If an economy is producing inside the production-possibilities curve, then: