If the Rivers, Lakes and Air in the United States

question 103

Multiple Choice

If the rivers, lakes and air in the United States could all be privately owned, then:

• A)​there would be less pollution.
• B)​costs of production for many firms would rise.
• C)​externalities would be internalized.
• D)​all of the above are correct.

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Definitions:

Uncertified Check

A check that the bank has not guaranteed or verified regarding the availability of funds, standing in contrast to a certified check.

Presented For Payment

The act of submitting a financial instrument, such as a check or draft, to the responsible party for the transfer of funds as specified.

Negotiable Instrument

A written document guaranteeing the payment of a specified amount of money, either on demand or at a set time, with the payer named on the document.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, including sales of goods and secured transactions.