Economic Analysis Implies That One of the Most Effective Ways

question 233

Multiple Choice

Economic analysis implies that one of the most effective ways to deal with potential damages from environmental pollution is to

• A) declare the relevant resources to be public goods, owned by the public.
• B) establish and enforce property rights for the resources that are being damaged, if possible.
• C) allow the government to take over and control all natural resources.
• D) enact legislation that makes all environmental pollution illegal.

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Definitions:

Reconstruction Governments

Refers to the state governments in the South during the Reconstruction era (1865–1877) following the U.S. Civil War, part of efforts to rebuild and reform the Southern states.

Civil Rights Legislation

Laws that have been enacted to protect citizens from discrimination and to ensure equal rights under the law, regardless of race, gender, disability status, or other characteristics.

Economic Penalties

Financial sanctions or fines imposed by governments or international bodies on individuals, corporations, or countries to enforce laws or regulations, often for the purposes of influencing behavior or policies.

Slaughter-House Cases

A group of U.S. Supreme Court decisions in 1873 that limited the scope of the 14th amendment's rights by distinguishing between state citizenship and national citizenship.