Improving environmental quality requires a trade-off between

Question

Quizplus · Accepted Answer

Improving environmental quality requires a trade-off between marginal damages and marginal abatement costs. Marginal damages refer to the harm caused by pollution or environmental degradation, while marginal abatement costs refer to the costs of reducing or eliminating that pollution or degradation. In order to achieve the greatest improvement in environmental quality, policymakers must balance the costs of reducing pollution with the benefits of a cleaner environment. This involves assessing the marginal damages caused by different types of pollution and comparing them to the marginal cost of abatement measures.

Improving Environmental Quality Requires a Trade-Off Between