Remote Disposal Company Operates a Hazardous Waste Storage Facility

question 24

Multiple Choice

Remote Disposal Company operates a hazardous waste storage facility.Concerned that there may be a release of chemicals from the site,Remote sells the property to Serene Developers,Inc.If there is a release,Remote is most likely

• A)liable.
• B)not liable because the site was sold before the release.
• C)not liable because Remote was concerned about the release.
• D)not liable because Remote no longer operates the facility.

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Definitions:

Business Cycle

The natural rise and fall of economic growth, consisting of periods of expansion and contraction in the economy over time.

Aggregate Demand

The total demand for goods and services within a particular market or economy at current price levels.

Price Level

The price level is an index that measures the average prices of goods and services in an economy over a period of time.

Real GDP

measures the value of all goods and services produced by an economy in a specific period, adjusted for inflation.