Which of the Following Describes the Precautionary Principle

question 12

Multiple Choice

Which of the following describes the precautionary principle?

• A) A polluter should bear the expense of carrying out pollution prevention and control measures.
• B) A strong, just, and wealthy society can be consistent with a clean environment.
• C) Preventive measures should be taken when an activity raises threats of harm to the environment.
• D) All people in society should receive equal treatment with respect to environmental laws and policies.
• E) None of these is correct.

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Definitions:

Marginal Cost

The additional cost incurred in the production of one more unit of a good or service.

Total Revenue

The total amount of money a company receives from its business activities, calculated by multiplying the price of goods or services by the quantity sold.

Total Cost

The aggregate amount of expenses that a company or individual incurs to produce or acquire goods or services.

Short-run Supply Curve

A graphical representation showing the relationship between the price of a good or service and the quantity supplied over a short period, during which at least one input is fixed.