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In a 2008 Case Before the Supreme Court Regarding Older

Question 165

Multiple Choice

In a 2008 case before the Supreme Court regarding older power plants and how best to protect fish and aquatic organisms, Justice David Souter remarked, "The difficulty that I have is if you are going to apply . . . a cost-benefit analysis, I'm not sure how it would work. Are a thousand plankton worth a million dollars?" Justice Souter's question points out the difficulty of


A) measuring the appropriate discount rate for public projects.
B) the nonrival characteristic of public goods.
C) measuring nonmarket or intangible aspects of public projects.
D) the nonexclusive characteristic of public goods.

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