The Policy That Was NOT Effective in Preserving the Environment

question 32

Multiple Choice

The policy that was NOT effective in preserving the environment was the __________.

• A) Homestead Act
• B) establishment of the National Forest Service
• C) establishment of the National Park Service
• D) Clean Air Act
• E) Clean Water Act

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Definitions:

Inferior Good

A type of good for which demand decreases as the income of consumers increases, as opposed to normal goods, where demand increases with income.

Normal Good

A good for which demand increases as the income of consumers increases.

Price Elasticity

measures how much the quantity demanded of a good responds to a change in the price of that good.

Elastic

Refers to a situation where the demand or supply for a product or service significantly changes in response to price changes.