When Society Requires That Firms Reduce Pollution, What Happens

question 72

Multiple Choice

When society requires that firms reduce pollution, what happens?

• A)There is a tradeoff because of reduced incomes to the firms' owners, workers, and customers.
• B)There is no tradeoff, since everyone benefits from reduced pollution.
• C)There is no tradeoff for society as a whole, since the cost of reducing pollution falls only on the firms affected by the requirements.
• D)There is a tradeoff only if some firms are forced to close.

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Definitions:

Institutionalized Socialization Tactics

Organized methods used within institutions or organizations to assimilate new members into the prevailing culture or set of norms.

Self-selection

The process where individuals voluntarily choose to participate in a particular group, activity, or study based on their personal characteristics or preferences.

Selection Process

The procedure of choosing the most suitable candidates for a job or a role based on predefined criteria.

Acquisition Of Information

Acquisition of information involves the process of gathering, identifying, and obtaining necessary data or knowledge from various sources to inform decisions, strategies, or understand phenomena.