Media 5 (Ch. 27)
Find an article about changing pollution levels, and use it to answer the following questions: 1. The change in the pollution levels causes what changes in marginal social costs? 2. Which of the following changes of the social marginal cost curve will occur as a result of the changing pollution levels? (An upward shifting social marginal cost curve; A downward shifting social marginal cost curve; A movement upward along the social marginal cost curve; OR A movement downward along the social marginal cost curve). 3. In the article, what government action can be taken to assure that private marginal costs move in the same direction as the change in social marginal costs? 4. Based on the article, which of the following changes of the private marginal cost curve will occur as a result of the government's action? (Government shifts private marginal cost curve upward; government shifts private marginal cost curve downward; government moves firm upward on the private marginal cost curve; OR government moves firm downward on the private marginal cost curve). 5. Which of the following changes should occur to the market equilibrium price and output as a result of the govenment action? (Greater price and greater output; greater price and lower output; lower price and greater output; OR lower price and lower output). 6. Indicate the source, title, date, and page number of your article. If it is an internet article, also include the full internet web address to access the article.
Today I found an article in science daily about pollution and the effects it has on the environment. The article is called Air Pollution Level Changes in Beijing Linked with Biomarkers of Cardiovascular Disease. The overview of this article is that it looks at how the government of China wanted to decrease the pollution levels before the Beijing Olympics in 2008 and how it’s helped the environment from then until now.
First off the change in...