The Failure of Markets to Adequately Protect the Environment Can

question 191

Multiple Choice

The failure of markets to adequately protect the environment can viewed either as a problem of

• A)externalities or as a problem of common resources.
• B)externalities or as a problem of private goods.
• C)the overprovision of public goods or as a problem of the underprovision of private goods.
• D)club goods or as a problem that arises when the quantity of excludable goods exceeds the socially-efficient quantity.

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Definitions:

Peripheral Nervous Systems

The portion of the nervous system consisting of nerves and ganglia outside of the brain and spinal cord, connecting the limbs and organs to the central nervous system.

Central

Pertaining to the most important or core part of something, often indicating its significance or pivotal role.

Somatic Nervous System

Division of the peripheral nervous system that controls skeletal muscles and relays sensory signals about movements and external conditions.

Skeletal Muscles

Muscles attached to the bones of the skeleton, responsible for voluntary movements of the body.