Imposing Fines on Companies That Contribute Heavily to Air and Water

question 144

True/False

Imposing fines on companies that contribute heavily to air and water pollution is an attempt to bring marginal private costs in line with marginal social costs.

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Definitions:

Renewable Resources

Natural resources that can be replenished over short periods of time, such as solar energy, wind energy, and biomass.

Net Energy

The difference between the energy expended to harvest an energy source and the amount of energy gained from that source.

Sustainable Energy

Energy obtained from sources that are essentially inexhaustible and capable of being replenished or maintained for future generations without depleting natural resources.