Many Economists, Both Liberal and Conservative, Were Critical of Much

question 1

Multiple Choice

Many economists, both liberal and conservative, were critical of much of the early environmental legislation. An important reason for the economists' critique was that economists:

• A) thought the goals of the legislation were wrong.
• B) worried that the costs sometimes were greater than the benefits.
• C) trusted the market to solve all problems of resource use.
• D) worried about fairness of regulations more than noneconomists did.

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Definitions:

Chronological

Organized or occurring in order of time of occurrence, often used in timelines, histories, and narratives to show sequence.

Cause-and-effect

A relationship where one event (the cause) leads directly to another event (the effect).

Problem-solution

A method of organizing information or arguments that first identifies a problem and then proposes one or more solutions for it.

Specific-to-general

A method of organization where details start with specific instances and lead to a general conclusion or understanding.