Many People Argue That the Surest Way to Reduce World

question 20

Multiple Choice

Many people argue that the surest way to reduce world pollution is to

• A)use global command and control methods.
• B)reduce the resources available to poorer nations.
• C)develop the less-developed economies of the world.
• D)impose global emission taxes.
• E)reduce consumption in nonindustrialized nations.

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Definitions:

Consumption Expenditures

The total amount spent by households on goods and services for their own use, not including savings or investments.

Households

Economic entities (of one or more persons occupying a housing unit) that provide resources to the economy and use the income received to purchase goods and services that satisfy economic wants.

Product Market

The marketplace where final goods or services are offered to consumers, businesses, and the public sector.

Circular Flow Model

An economic model depicting the continuous, circular flow of goods, services, and money between households and businesses in an economy.