Why Would the "Group of 10" Environmental Organizations Be Criticized

question 28

Multiple Choice

Why would the "group of 10" environmental organizations be criticized?

• A) They are militant and extremist groups that lead to environmental revolutions
• B) They oppose most environmental protection
• C) They tend to compromise and cooperate with the establishment
• D) Their membership is small and they have focused and limited influence
• E) They support radical approaches in addressing environmental problems

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Definitions:

Producer Surplus

The difference between the amount producers are willing to sell a good for and the amount they actually receive.

Price Ceiling

A government-imposed limit on how high a price is charged for a product, service, or commodity, intended to protect consumers from high prices.

Persistent Shortage

A situation where the demand for a good or service consistently exceeds its supply, over a significant period of time.

Deadweight Loss

The loss of economic efficiency when the equilibrium for a good or a service is not achieved or is not achievable.