The Use of Chlorofluorocarbons in Refrigerators and Air Conditioners Is

question 115

Multiple Choice

The use of chlorofluorocarbons in refrigerators and air conditioners is alleged to cause the destruction of the ozone layer that surrounds the earth.This layer protects humans from ultraviolet radiation, which causes skin cancer.Industry has been prohibited from using these substances in aerosol cans, but the government has been reluctant to ban their use altogether because of the serious economic consequences.Economists analyze such problems and refer to them as

• A)issues of unfairness.
• B)examples of excess abstraction.
• C)externalities.
• D)comparative advantage issues.
• E)examples of trade-offs between output and equality.

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Definitions:

Top Management

The highest tier of executives and decision-makers in an organization responsible for determining strategy and direction.

Scenario Writing

The process of creating detailed narratives or scenarios to explore future possibilities and assess potential outcomes.

Identifiable Factors

Elements or conditions that can be recognized and potentially measured, which influence outcomes or results in various situations.

Competitive Advantage

The attributes or conditions that allow a company or country to produce goods or services more efficiently or at a higher quality than its competitors, leading to better sales or margins.