When Production Results in Environmental Degradation, Private Firms Do Not

question 13

Multiple Choice

When production results in environmental degradation, private firms do not take the ________ into consideration when making their output decisions resulting in ________.

• A)external costs; a market failure
• B)market failure; an externality
• C)social costs; pollution
• D)market failure; pollution

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Definitions:

Jewish Extraction

Referring to individuals or ancestry originating from Jewish people or culture.

Aboriginal People

Indigenous inhabitants of a region, often used to refer to the first peoples of Canada and their descendants, who maintain distinct cultural and social identities.

Canadian School Textbooks

Educational books used in the curriculum of Canadian schools, designed to meet the educational requirements of the Canadian education system.

Noble Savages

A concept which idealizes indigenous peoples as living in a state of nature, uncorrupted by civilization but innately virtuous and peaceful.