If Government Undertakes to Reduce Water Usage by Using a Market

question 135

Multiple Choice

If government undertakes to reduce water usage by using a market incentive plan:

• A) each consumer will have to reduce his or her water usage by an equal amount.
• B) consumers who reduce water usage by more than the required amount can sell marketable certificates to consumers who seek to reduce usage by less than the required amount.
• C) consumers who do not reduce usage by the required amount will have to pay taxes on the extra water usage.
• D) consumers will be asked to reduce water usage voluntarily.

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Definitions:

Academic Self-concept

An individual's perception and evaluation of their academic abilities and competencies.

Relative Deprivation

The experience of feeling deprived of something to which one believes to have a right, in comparison to others perceived as having more.

Internal Locus

Refers to the belief that one's own actions or characteristics determine the outcomes in their life, rather than external forces.

Buying Power

The capacity of an individual or group to purchase goods or services, often influenced by income and economic conditions.