Which of the Following Statements Is Correct

question 303

Multiple Choice

Which of the following statements is correct?

• A)The use of pollution permits and corrective taxes reduces the cost of environmental protection.
• B)Rich countries usually have cleaner environments than poor countries because a clean environment is like other normal goods in that it has a positive income elasticity.
• C)Clean water and clean air are goods to which the law of demand applies.
• D)All of the above are correct.

---

Definitions:

Partnership Supplies

Goods, equipment, or resources provided for the operation of a partnership or shared business venture.

RUPA

The Revised Uniform Partnership Act, which provides a framework for the governance of business partnerships in several states.

Equal Share

A portion or percentage of something, such as profits or ownership, that is distributed equally among all members or parties involved.

Silent Partner

An investor in a partnership who contributes capital but does not take part in the management or daily operations of the business.