What Is the Sociological Impact of an Environmentally Catastrophic Event

question 10

Multiple Choice

What is the sociological impact of an environmentally catastrophic event such as Deepwater Horizon?

• A) People lose their jobs and homes.
• B) Vacationers, fishermen, and other stakeholders in the region become more likely to join environmental causes.
• C) Coastal residents discover that the government and oil companies have failed them.
• D) Coastal fishermen and vacationers experience inequality vis-à-vis the oil companies.

---

Definitions:

Production Level

Refers to the total quantity of goods or services produced by a firm or industry during a specific period.

Marginal Returns

The additional output generated by adding one more unit of a specific input, while keeping other inputs constant.

Total Product Curve

A graphical representation showing how the total output of a firm changes as the amount of a single input is increased, holding other inputs constant.

Marginal Product

The additional output generated by increasing one unit of a specific input, keeping other inputs constant.