In the Context of Public Goods and Government Efforts to Correct

question 224

Multiple Choice

In the context of public goods and government efforts to correct market failure, economists may tend to be critical of the Endangered Species Act because:

• A) economists don't generally care about the environment.
• B) species have no economic value.
• C) the Act eliminates many activities that would contribute to the total output of the economy.
• D) the Act does not generally provide for a weighing of the costs and the benefits of species preservation.

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Definitions:

Opportunities

Situations or conditions that present chances for progress, advancement, or the achievement of something desirable.

Skilled Professional

A person who has acquired a high level of expertise and competence in a particular job or field through training and experience.

Practice Sessions

Scheduled periods of time dedicated to rehearsing or exercising skills in order to improve or maintain proficiency in a specific area.

Flow

A mental state of being fully immersed and engaged in an activity, where time seems to pass unnoticed and the individual experiences great focus and enjoyment.