The Use of Chlorofluorocarbons in Refrigerators and Air Conditioners Is

question 115

Multiple Choice

The use of chlorofluorocarbons in refrigerators and air conditioners is alleged to cause the destruction of the ozone layer that surrounds the earth.This layer protects humans from ultraviolet radiation, which causes skin cancer.Industry has been prohibited from using these substances in aerosol cans, but the government has been reluctant to ban their use altogether because of the serious economic consequences.Economists analyze such problems and refer to them as

• A)issues of unfairness.
• B)examples of excess abstraction.
• C)externalities.
• D)comparative advantage issues.
• E)examples of trade-offs between output and equality.

---

Definitions:

Co-op

A cooperative, which is an organization owned and operated by its members who share the benefits.

Cooperative Corporation

A business entity owned and operated by a group of individuals for their mutual benefit, where profits and earnings are distributed among the members.

Shares

Represents units of ownership in a company or financial asset, giving the holder a portion of the corporation's earnings and assets.

Gross Income

The total income received before any deductions or taxes are subtracted.