Environmental Protection Has Been Proven to ________ the Number of Available

question 34

Multiple Choice

Environmental protection has been proven to ________ the number of available jobs because ________.

• A)decrease;it limits the use of nonrenewable resources (as in the case of the logging industry)
• B)increase;labor is usually substituted for natural resources (as in the case of recycling)
• C)stabilize;the use of nonrenewable resources is stabilized and jobs are scarce anyway
• D)decrease;it negatively affects economic growth
• E)stabilize;it limits the use of nonrenewable resources (as in the case of the logging industry)

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Definitions:

Marginal Cost

The augmentation in total cost triggered by the creation of one further unit of a product or service.

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a state of market equilibrium.

Equilibrium Price

The cost at which the amount of a product that buyers want to purchase matches the amount that sellers are willing to supply, creating equilibrium in the market.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a product or service.