In the Context of Public Goods and Government Efforts to Correct

question 224

Multiple Choice

In the context of public goods and government efforts to correct market failure, economists may tend to be critical of the Endangered Species Act because:

• A) economists don't generally care about the environment.
• B) species have no economic value.
• C) the Act eliminates many activities that would contribute to the total output of the economy.
• D) the Act does not generally provide for a weighing of the costs and the benefits of species preservation.

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Definitions:

Tree-lined Neighborhoods

Residential areas characterized by the abundance of trees along streets and in public spaces, contributing to aesthetic appeal, shade, and environmental benefits.

Commutes

The daily travel undertaken by individuals to get from their place of residence to their place of work or study and back.

Steamship Technology

The use of steam power for propelling ships, a significant advance in maritime technology that contributed to the Industrial Revolution and global trade expansion.

Migrants

Individuals or groups of people who move from one place to another, often for reasons such as economic opportunities, war, or environmental factors.