Which of the Following Statements About Early Environmental Damage and Responses

question 72

Multiple Choice

Which of the following statements about early environmental damage and responses is accurate?

• A) The Industrial Revolution began to cause noticeable environmental damage by the mid-1800s.
• B) The earliest opposition to human-caused environmental damage came from citizens.
• C) Early environmental protection usually began with top-level government directives.
• D) Environmentalism was relatively late in coming to the United States.

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows, given a specified rate of return, crucial in assessing investment opportunities.

Interest

Interest represents the cost of borrowing money, typically expressed as a percentage of the principal, paid by the borrower to the lender for the use of the lender's money.

Economic Profits

Economic profits are the total revenues of a firm minus the opportunity costs of all inputs, reflecting the additional gain over the normal profit.

Insurable Risks

Risks that meet certain criteria making them insurable, such as being definite, accidental, and potentially financially devastating to the insured.