What Is Meant by Discriminatory Land Use

question 19

Multiple Choice

What is meant by discriminatory land use?

• A)Backlash against companies that do not protect the environment
• B)Daily insults to people who live in a particular community
• C)Locating industrial hazards in low-income communities
• D)Political recognition that companies support a safe environment

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Definitions:

Price Controls

Government-imposed limits on the prices that can be charged for goods and services in the market.

Misallocation

The inefficient or inappropriate distribution of resources in a manner that does not maximize economic efficiency or output.

Production Cost

The total expense incurred in the manufacture of a product, including raw materials, labor, and overhead costs.

Black Market

Illegal trade of goods and services, beyond government control, where transactions typically occur “under the table” to avoid taxes or regulations.