What Is One Environmental Benefit of Affluence

question 59

Multiple Choice

What is one environmental benefit of affluence?

• A) Increasing wealth allows for an increased capacity for resource consumption.
• B) Increased wealth provides resources to apply toward the creation of environmentally beneficial technologies.
• C) Increasing affluence often leads to a desire to travel widely and frequently in order to see the world.
• D) Increasing affluence in developed nations leads to increased affluence in less-developed countries.
• E) Increasing affluence results in less consumption in all countries.

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Definitions:

Price/Earnings Ratio

A valuation ratio of a company's current share price compared to its per-share earnings, indicating the dollar amount investors will pay for $1 of earnings.

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns.

Global Event Factors

External events and developments that can influence financial markets and economic conditions worldwide, including political, environmental, and economic changes.

Economy-Wide Factors

Broad macroeconomic factors that affect the economic framework within which firms and industries operate, including inflation rates, interest rates, and overall economic growth.