Economists View Pollution as an Economic Problem That Arises Because

question 95

Multiple Choice

Economists view pollution as an economic problem that arises because:

• A) private enterprise always minimizes the amount of pollution produced.
• B) profitable firms rarely pollute.
• C) as the economy grows, the level of pollution declines.
• D) firms that pollute do not pay the full social cost of producing their output.

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Definitions:

Critical Thinking

A skill of objectively assessing evidence and arguments, to identify biases and assumptions, and make reasoned judgments.

Qualitative Improvements

Enhancements or upgrades in the quality or nature of something rather than in its quantity or numerical aspects.

Critical Thinking Skills

The cognitive abilities used to analyze facts, generate and evaluate arguments, and synthesize information in order to arrive at well-founded conclusions.

Analyze Information

The process of examining data or information in detail in order to understand it better and draw conclusions.