According to Your Textbook,what Is One Effective Way to Encourage

question 73

Multiple Choice

According to your textbook,what is one effective way to encourage industries to reduce their negative impact on the environment?

• A) Force them to develop cleaner alternate technologies.
• B) Require them to pay for the cost of cleaning up their toxic waste.
• C) Make them pay heavy fines for pollution.
• D) Ask them to voluntarily stop producing so much pollution.

Understand the distinctions between progressive, regressive, and proportional taxes.

Identify direct and indirect taxes and their examples.

Know the historical events that have shaped federal fiscal policy.

Describe unfunded mandates and their impact on state and local governments.

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Definitions:

Efficient

Description of a market or economy that takes all opportunities to make some people better off without making other people worse off.

Production Rate

The speed at which goods are manufactured or produced in a given period.

Production Possibility Frontier

A chart that outlines the utmost production possibilities for two types of goods, contingent upon a selection of resources and other conditions.

Technology Improvement

Enhancements or innovations in technology that increase productivity, efficiency, and product quality in various sectors.