A Tradeoff Exists Between a Clean Environment and a Higher

question 99

Multiple Choice

A tradeoff exists between a clean environment and a higher level of income in that

• A) studies show that individuals with higher levels of income actually pollute less than low-income individuals.
• B) efforts to reduce pollution typically are not completely successful.
• C) laws that reduce pollution raise costs of production and reduce incomes.
• D) by employing individuals to clean up pollution, employment and income both rise.

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Definitions:

Warranties

Legally binding promises or guarantees about the state or quality of a product or service, provided by the seller.

Presentment

The act of formally presenting a document, such as a check or bill of exchange, for acceptance or payment.

Promissory Note

A financial instrument that contains a written promise by one party to pay another party a definite sum of money either on demand or at a specified future date.

Fraud in the Inducement

A deceptive practice intended to mislead someone into entering a contract or agreement by providing false statements or misleading information.