Environmental Pollution Is an Economic Problem Because

question 12

Multiple Choice

Environmental pollution is an economic problem because

• A) levels of pollution decline as the rate of economic growth increases.
• B) firms that maximize profits rarely pollute.
• C) capitalist market economies normally minimize pollution-causing activities.
• D) firms and individuals that pollute pay less than the true social cost of disposing of their wastes.
• E) it is a sign that the price system is functioning in an optimal way.

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Definitions:

Long-term Bonds

Debt securities that mature in more than one year, representing a long-term obligation on the part of the issuer to repay the principal along with interest.