Which of the Following Has the Goal of Meeting the Needs

question 123

Multiple Choice

Which of the following has the goal of meeting the needs of the current generation without harming the ability of future generations to meet their needs?

• A)socially optimal pricing
• B)universal ethical standards
• C)sustainable development
• D)corporate responsibility

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Definitions:

Pollution Abatement

The reduction or elimination of pollutants released into the environment, often through regulatory policies or technology changes.

Pigouvian Tax

A tax imposed on activities that generate negative externalities, aiming to correct an inefficient market outcome by increasing the cost to include the external costs.

CFCs

Chlorofluorocarbons; chemical compounds used in aerosol sprays and refrigerants that have been found to deplete the ozone layer.

Adverse Selection

A situation in which one party in a transaction has more information than the other, often leading to the selection of poorer-quality goods or higher-risk individuals.