What Prevents the Market System from Achieving a Clean Environment

question 15

Multiple Choice

What prevents the market system from achieving a clean environment on its own?

• A)Externalities.
• B)Inefficiently managed business.
• C)Remainders.
• D)SIPs.

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Definitions:

Mediation

A form of alternative dispute resolution where a neutral third party assists the disputing parties in reaching a mutually acceptable agreement.

Arbitration

A method of dispute resolution where an impartial third party makes a binding decision to resolve a disagreement between parties, often used in labor disputes.

National Mediation Board

A federal agency that facilitates and mediates labor-management relations within the United States' railroad and airline industries.

Railway Labor Act

A 1926 United States federal law that governs labor relations in the railway and airline industries, aiming to avoid service disruptions.