According to Environmental Scientists, All of the Following Would Strengthen

question 108

Multiple Choice

According to environmental scientists, all of the following would strengthen U.S.air pollution control laws, except

• A)greater emphasis on prevent air pollution
• B)sharply reduce emissions from older coal-burning power plants
• C)relax controls on petroleum refineries
• D)improve fuel efficiency standards on motor vehicles
• E)stricter air pollution regulations on airports and ocean going ships

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Definitions:

Accounting Profits

The total revenue of a company minus the explicit costs and depreciation.

Normal Profits

The return to the business owners for the opportunity cost of their implicit inputs.

MRP

Marginal Revenue Product, a term in economics that represents the additional revenue generated by employing one more unit of a factor, such as labor or capital.

Investment

The allocation of resources, such as capital or time, in order to generate future profit or income.