The ____ Rating System Provides a Tool That Simultaneously Guides

question 15

Multiple Choice

The ____ rating system provides a tool that simultaneously guides and evaluates a building over its entire life cycle, from project inception through building operation.

• A) ASTM
• B) WCED
• C) USGBC
• D) LEED

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Definitions:

Private Goods Consumption

The act of consuming goods that are excludable and rivalrous in nature, meaning they can only be owned or consumed by one party and consumption by one person prevents consumption by another.

Pareto Optimal

A state of allocation of resources from which it is impossible to make any one individual better off without making at least one individual worse off.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are available to all members of a society, such as public parks and national defense.

Private Consumption

The total amount of goods and services consumed by individuals in a household.