1. How would an economist likely respond to the statement “There is no such thing as an acceptable level of pollution”?
2. Would a high tax on oil significantly reduce the amount of pollution coming from the use of oil? Why or why not?
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1. How would an economist likely respond to the statement “There is no such thing as an acceptable level of pollution”?
2. Would a high tax on oil significantly reduce the amount of pollution coming from the use of oil? Why or why not?