___________Policy gets results from the interaction of many individual decision makers and individual interactions reveal information about marginal abatement costs and damage functions.
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For a policy to be socially efficient it must not only be ______-______, but also balance costs with benefits
Technological change shifts the marginal abatement cost function _________.
A policy is cost-effective if:
A. it achieves a given amount of environmental improvement at the least possible cost.
B. it achieves a given amount of environmental improvement at the highest possible cost.
C. it achieves a low amount of environmental improvement at the least possible cost
D. none of the answers are corect.
Incentives for technological innovations cause:
A. shifts the marginal abatement cost function downward
B. new inventions become public goods
C. encourage new technology
D. All answers are correct.