Recyclable or Biodegradable Packaging, Recycled Materials and Components, and Better

question 89

Multiple Choice

Recyclable or biodegradable packaging, recycled materials and components, and better pollution controls are ways that marketers have responded to the .

• A) new government intervention program
• B) environmental sustainability
• C) pollution reduction movement
• D) new recycling laws
• E) increased need to comply with environmental regulations

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Definitions:

Economics

The social science that studies how individuals, businesses, governments, and nations make choices on allocating scarce resources to satisfy their unlimited wants.

Scarcity

The fundamental economic problem of having limited resources to meet infinite wants, requiring choices and priorities in resource allocation.

Unlimited Wants

The economic concept that humans have endless desires or wishes for goods and services, exceeding the finite resources available.

Limited Means

A situation or condition of having restricted financial resources or capabilities.