The View That Firms Emit Pollution Because They Like To,or

question 161

Multiple Choice

The view that firms emit pollution because they like to,or because they do not value the environment,is held by

• A) everyone.
• B) those that reject proposals for a pollution tax or pollution permits.
• C) economists.
• D) those who favour proposals for a pollution tax or pollution permits.
• E) businessmen.

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Definitions:

Cyclical Industries

Industries in which sales tend to magnify cyclical changes in gross domestic product and national income.

Business Earnings

The profit made by a business over a period of time, indicating its financial performance and profitability.

Secondary Supply

The provision of goods or services from secondary markets or sources, distinct from primary or direct sources.

Elastic

Describes a situation in which the quantity demanded or supplied of a good is highly responsive to changes in price.