
Kenneth Chay and Michael Greenstone examined the impact of reductions in air pollution since the passage of the Clean Air Act of 1970.Which of the following statements summarizes their findings?
A) The marginal benefit of reductions in air pollution was less than the marginal cost.
B) The marginal cost of reducing emissions of sulfur dioxide has increased over time as the marginal benefit of the reductions has increased.
C) The benefits of reducing the six main air pollutants in the two years following the Act greatly exceeded the costs.
D) In the two years following passage of the Act, fewer infants died than would have died if the Act had not been passed.
Correct Answer:
Verified
Q104: Consider a situation in which a utility
Q105: Ronald Coase was awarded the 1991 Nobel
Q106: Consider the following characteristics:
A.low transactions costs
B.small levels
Q107: If the marginal benefit of reducing emissions
Q108: Which of the following must be present
Q110: If the marginal benefit of reducing emissions
Q111: Economists Kenneth Chay and Michael Greenstone found
Q112: If electric utilities continually reduce their emissions
Q113: If the paint on your house was
Q114: Compare two situations.(A)A firm is not legally
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents