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NEW QUESTION: 1
If the government wants to increase tax revenues, it should tax goods and services that have a(n)
A. high elasticity of demand.
B. unitary elasticity of demand.
C. low elasticity of demand.
Answer: C

NEW QUESTION: 2
Total economic welfare derived from an activity will be maximized if the activity is undertaken up to the point at which
A. Marginal social benefit equals marginal social cost
B. Marginal social benefit equals marginal private benefit
C. Marginal private benefit equals marginal private cost
D. Marginal private benefit exceeds marginal private cost
Answer: A

NEW QUESTION: 3
Site environmental risks need to be assessed by all personnel on the day of visiting the site, or be assessed on the next day.
A. False
B. True
Answer: B

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