Question: 3. What is one problem with using cost-benefit analyses for determining the optimum level of pollution reduction? Answers A. It causes the costs associated with

3. What is one problem with using cost-benefit analyses for determining the optimum level of pollution reduction? Answers A. It causes the costs associated with pollution reduction to rise dramatically. B. It only works in a command economy. C. It assumes all benefits can be labeled with a price tag. D. It limits the benefits that companies receive from pollution taxes. Question4. The social costs of production Answers A. are less than the private production costs. B. are greater than the private production costs. C. include the cost of entertaining clients. D. are usually unimportant when dealing with economics

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