One of the Reasons That Pollution Problems Are as Large

question 154

Multiple Choice

One of the reasons that pollution problems are as large as they are is that

• A)markets let individuals and firms deplete valuable resources without charging money for doing so.
• B)markets are incapable of incorporating valuable resources such as air and pure water.
• C)governments use resources without paying for them the way that individuals and firms must.
• D)markets are not an efficient means to address scarcity.

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Definitions:

Income Before Taxes

The total revenue of a company minus all expenses except for income tax expenses.

Current Ratio

The Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business’s operating cycle if longer than a year.

Current Liabilities

Obligations or debts that a company must pay within a year or within its operating cycle.