In the Case of a Coal-Burning Plant That Generates Pollutants

question 102

Multiple Choice

In the case of a coal-burning plant that generates pollutants:

• A) the firm would consider the cost of this pollution in its production decisions even in the absence of regulation.
• B) consumers are faced with prices that reflect the full cost of production.
• C) government agencies may seek to limit the emission of pollution through regulation.
• D) the people who buy the output of the plant have to pay the costs of pollution abatement.

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Definitions:

Unconscious

The aspect of an individual’s psyche that holds processes and information below the level of conscious cognition.

Subconscious Thoughts

Thoughts and emotions that might not be currently acknowledged but have the ability to affect actions and choices.

Collective Unconscious

A term by Carl Jung, referring to structures of the unconscious mind shared among beings of the same species.

Personality

An amalgamation of properties or qualities that form the distinctive identity of an individual.