Pollution

question 37

Multiple Choice

Pollution

• A) creates a negative externality.
• B) is increased when property rights are defined.
• C) is the result of capitalism.
• D) exists because air and water are privately owned resources.

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Definitions:

Merchandise Trade Deficits

A situation where a country's imports of goods exceed its exports, leading to more money leaving the country than coming in from merchandise trade.

International Debt

The total amount of debt owed by a country to foreign creditors, which can include governments, private investors, and international banks.

Consumer Spending

The total amount of money spent by households in an economy on goods and services.

Appreciation

An increase in the value of a currency in terms of other currencies.