Arguments That Economic Growth Must Be Constrained by Environmental Problems

question 5

Multiple Choice

Arguments that economic growth must be constrained by environmental problems and limits of natural resources ignore the fact that economic growth can:

• A)be measured in both nominal and real terms.
• B)increase both average labor productivity and the share of population employed.
• C)take the form of improved quality as well as increased quantity.
• D)occur with only benefits and no economic costs.

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Definitions:

FICA Social Security Taxes

Taxes paid by both employers and employees to fund the Social Security program, determined as a percentage of payroll.

FICA Medicare Taxes

These are taxes collected from both employers and employees in the United States to fund the Medicare program, which provides healthcare benefits for qualified individuals.

Federal Unemployment Taxes

Taxes imposed by the federal government on employers to fund state workforce agencies and unemployment insurance for workers who have lost their jobs.

State Unemployment Taxes

Taxes paid by employers to provide funding for unemployment compensation benefits for workers who have lost their jobs.