Which of the Following Statements About Environmental Regulations in the United

question 55

Multiple Choice

Which of the following statements about environmental regulations in the United States is NOT true?

• A) Environmental protection represents one of the few areas in which the government has taken a limited role in regulating the activities of private actors.
• B) While 1970s-era environmental regulations produced visible successes, this has not been followed by a continuing national commitment to environmentalism.
• C) President Obama proposed a system of "cap and trade" energy regulations, which were subsequently adopted by Congress.
• D) The United States has fewer environmental regulations than other advanced democracies.
• E) States have tended to act in the absence of federal action on environmental issues as exemplified by several states adopting emissions caps that broadly follow the guidelines of the Kyoto Protocols that has not been adopted by the national government.

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Definitions:

Total Revenues

The total amount of money received by a company from its sales of goods or services before any expenses are subtracted.

Variable Costs

Costs that vary directly with the level of production or sales, like raw materials and labor.

Economic Profit

The financial gain that exceeds both the total opportunity costs of production and the accounting costs, reflecting the additional value created from business activities.

Accounting Profit

The profit a company has after deducting all its expenses from its total revenue.