Economists Assume That Late in the Process of Cleaning a Dirty

question 18

Multiple Choice

Economists assume that late in the process of cleaning a dirty environment there are relatively

• A)high benefit-low cost things than could and should be saved for last.
• B)high benefit-high cost things than could and should be saved for last.
• C)low benefit-low cost things than could and should be saved for last.
• D)low benefit-high cost things than could and should be saved for last.

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Definitions:

Tariffs

Taxes or duties to be paid on a particular class of imports or exports.

Quotas

Limits set on the quantity or value of goods that can be imported or exported over a specified period.

Countertrade

A form of international trade in which goods or services are exchanged for other goods or services, rather than for hard currency.

Exports

Goods, services, or technology sent out of a country to sell in international markets, contributing to a nation's economy.