Subsidies and Tax Breaks for Environmentally Harmful Businesses Cost the World's

question 48

Multiple Choice

Subsidies and tax breaks for environmentally harmful businesses cost the world's taxpayers what amount per year?

• A) $2 trillion
• B) $200 billion
• C) $150 billion
• D) $1 billion
• E) $500 million

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Definitions:

Computer Software

Computer software is a collection of data or computer instructions that tell the computer how to work, covering everything from operating systems to application programs.

Oil Company

An enterprise engaged in the exploration, extraction, refining, and selling of oil and petroleum products.

Seasoned Offerings

The issuance of additional shares by a company whose shares are already publicly traded.

Leveraged Buyouts

Acquisition of a company using a significant amount of borrowed money (debt) to meet the cost of acquisition.