If a Sawmill Creates Too Much Noise for Local Residents

question 7

Multiple Choice

If a sawmill creates too much noise for local residents,

• A)noise restrictions will force residents to move out of the area.
• B)a sense of social responsibility will cause owners of the mill to reduce noise levels.
• C)the government can raise economic well-being through noise-control regulations.
• D)the government should avoid intervening because the market will allocate resources efficiently.

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Definitions:

Protection

Economic policy measures, such as tariffs and quotas, used to limit imports in order to protect domestic industries.

Worse Off

A situation in which an individual or group is in a less favorable or more disadvantageous position than before.

International Trade

entails the exchange of goods and services across international borders or territories, influenced by comparative advantages, exchange rates, and global economic policies.

Firms

Business entities or organizations that engage in commercial, industrial, or professional activities.