Which of the following approaches to pollution control makes the best use of a countrys economic resources?
• Abolishing the use of toxic chemicals. • Using resources to reduce all pollution damage. • Controlling pollution as long as the extra benefits are greater than the extra costs. • Prohibiting economic activities that cause pollution or harm the environment. Answer: c. The most efficient approach to pollution control is to increase controls as long as the extra benefits exceed the extra costs. The other solutions mentioned would reduce pollution, but the costs of these policies are likely to far outweigh the extra (or marginal) benefits.
