Some Environmentalists Argue That We Should Protect the Environment as Much

question 101

Multiple Choice

Some environmentalists argue that we should protect the environment as much as possible, regardless of cost. Which of the following is not a likely outcome of pursuing such a course of action?

• A)lower levels of nutrition, health care, and housing
• B)a lower standard of living
• C)slowing or reversing technological advancement
• D)the elimination of all pollution

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Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed by the government on the income or profits generated.

CCA Method

The CCA (Capital Cost Allowance) method is a tax deduction approach allowing Canadian businesses to claim depreciation on tangible property over its useful life as part of calculating taxable income.

CCA Tax Shield

A deduction that allows businesses to depreciate the cost of capital assets over time against their taxable income, reducing the tax payable.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, reflecting the proportion of additional income paid in taxes.