Which of the Following Is True

question 555

Multiple Choice

Which of the following is true?

• A) All types of environmental problems can be solved merely by the enforcement of individual property rights.
• B) Environmental regulation cannot improve environmental quality.
• C) Income levels exert little impact on the demand for environmental quality.
• D) Markets often result in outcomes that are inefficient when it is difficult to assign and enforce property rights.

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Definitions:

Consumer Protection

Laws and regulations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace.

Stop-Payment Order

A request made to a bank by an account holder not to pay a check or payment that has been issued but not yet cashed or withdrawn.

Valid

Legally binding and enforceable, meeting all necessary legal formalities and requirements.

Extends

Refers to something that increases in length, duration, or scope.