Why Would a Typical U

question 28

Multiple Choice

Why would a typical U.S. business fail to take the social costs of pollution into consideration during the development of their operating strategies?

• A) the range of flexible, market-oriented pollution control policies are flawed
• B) government regulated the limits for how much pollutant can be emitted
• C) it isn't required to pay any of the cost of cleaning up its pollution
• D) it is following the principle of voluntary exchange of benefits

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Definitions:

Foreign Corporation

In a given state, a corporation that does business in that state but is not incorporated there.

Certificate of Authority

An official document provided by a state government allowing a business to operate within that state's jurisdiction.

State's Courts

The judicial bodies within a specific state that have the authority to interpret and apply the law, adjudicate disputes, and administer justice.

Procedures for Incorporation

The standardized legal steps and requirements followed to legally form and register a corporation with the state or appropriate authority.