The Comprehensive Environmental Laws Adopted During the Late 1960s and Early

question 37

Multiple Choice

The comprehensive environmental laws adopted during the late 1960s and early 1970s by the United States government

• A) stipulated mandatory use of particular pollution-control technologies.
• B) allowed pollution credits to be traded between polluters to avoid bearing social costs.
• C) stipulated exemptions for industries that lobbied politicians hard to avoid regulation.
• D) allowed industries to determine pollution levels based on profit margins.

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Definitions:

Regional Innovations

Novel products, processes, or techniques developed within a specific geographic area, contributing to its economic growth.

Economic Clustering

The phenomenon where businesses and industries tend to locate near each other in order to benefit from shared resources, knowledge, and markets.

Labor Productivity

A measure of economic performance calculated by dividing the total output by the number of labor hours used in the production process.

Capital To Labor Ratio

A measurement of the amount of capital employed per unit of labor, often used to understand the level of mechanization or technology used in production.