Members of the New Industrial Entrepreneurial Class in the Early

question 16

Multiple Choice

Members of the new industrial entrepreneurial class in the early nineteenth century

• A)particularly excluded aristocrats.
• B)were responsible for the predominance of giant corporate firms by 1850.
• C)were usually resourceful individuals with diverse social backgrounds.
• D)were more often from the lower classes than the bourgeoisie.
• E)were always from the bourgeoisie.

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Definitions:

Pollution Permits

Licenses that allow the holder to emit a certain amount of pollution; these can be traded in a market to incentivize the reduction of overall pollution levels.

Pollution Elimination

The process or practices aimed at reducing, controlling, or completely removing pollutants from the environment.

Pollution Cost

The economic impacts associated with pollution, including healthcare costs, environmental degradation, and loss of biodiversity.

Corrective Taxes

Corrective taxes are levied to correct the effects of negative externalities and align consumers' private costs with the overall societal costs.