A Small Change in an Area of Weakness That May

question 148

Short Answer

A small change in an area of weakness that may result in major improvements is called a(n)________.

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Definitions:

Corrective Taxes

Taxes imposed to correct the effects of a market failure, often used to discourage harmful behaviors and internalize externalities.

Environmental Protection

The practice of safeguarding the environment by minimizing pollution, conserving natural resources, and promoting biodiversity through regulations and initiatives.

Pollution Permits

Licenses that allow the holder to emit a certain amount of pollution; these can be traded in a market to incentivize the reduction of overall pollution levels.

Pollution Elimination

The process or practices aimed at reducing, controlling, or completely removing pollutants from the environment.