Environmental Quality Is Considered to Be a Public Good

question 256

Multiple Choice

Environmental quality is considered to be a public good. This means that

• A) ultimately it is the public that pays for environmental clean-up.
• B) businesses have a responsibility to minimize their environmental pollution.
• C) everyone enjoys a cleaner environment regardless of who pays for it.
• D) society places a higher value on private goods and services.

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Definitions:

Implied Warranty

A legal term for the assurance that a product is suitable for its intended purpose even if it's not explicitly stated.

Merchant Status

A classification under the Uniform Commercial Code for individuals or entities acting in a commercial capacity, demonstrating knowledge or expertise specific to the goods involved in the transaction.

Product Design

The process of imagining, creating, and iterating products that solve users' problems or address specific needs in a given market.

Contributory Negligence

A legal doctrine that reduces the amount of damages a plaintiff can receive based on their own negligence contributing to the harm.