The Reason Pollution Occurs Is Because People Tend to

question 35

Multiple Choice

The reason pollution occurs is because people tend to

• A)Consider the impact of their activities on society first.
• B)Maximize their personal welfare,balancing private benefits against private costs.
• C)Maximize their personal welfare,balancing social benefits against social costs.
• D)Maximize society's welfare,balancing private benefits against private costs.

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Definitions:

Security Interest

A legal claim or lien on collateral that secures the repayment of a debt or obligation, giving the lender rights in the collateral.

Secured Party

The party that holds the interest in a secured property.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to harmonize the law of sales and other commercial transactions across American jurisdictions.

Purchase-Money Security Interest (PMSI)

A security interest formed when a debtor uses borrowed money from the secured party to buy the collateral.