Pollution Occurs If

question 59

Multiple Choice

Pollution occurs if

• A) there is more waste than a resource can tolerate.
• B) there is less waste than environmental capacity.
• C) recycling occurs.
• D) waste is thrown away.
• E) a regulation is passed.

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Definitions:

Derived Demand

Demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for cars.

Resource Demand

Refers to the total amount of goods and services that businesses require to produce their own goods and services.

MRP

An acronym for Material Requirements Planning, a system used for production planning and inventory control, or alternatively for Marginal Revenue Product, the extra revenue generated from employing one more unit of a resource.

Wage Rate

The fixed amount of compensation paid to employees for their labor, typically expressed as a rate per hour.