The person charged with paying for environmental damage must:
A. pay as little as possible
B. pay for the value of the resource or the cost of restoring it whichever is less.
C. pay for both the value of the damage and the cost of restoring it.
D. let society pay for the damage because they aren't required to pay.
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The Equimarginal Principle must be used:
A. to find the best way to achieve the goal.
B. the best allocation of resources.
C. find the best balance of marginal cost.
D. all the answers are true.
For cost-effectiveness, ____________is chosen.
A. lowest cost and lowest value
B. lowest cost and highest value
C. highest cost and lowest value
D. highest cost and highest value
Discounting
A. Helps to compare costs and benefits that occur at different time periods.
B. A low rate means that in the near future your money is similar in value.
C. A high rate means that in the near future your money is much more valuable.
D. All these answers are true.
Damage Assessments are necessary:
A. to punish the responsible person.
B. estimate the value of the damage
C. find the cost of restoring the damaged resource
D. all answers are correct
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