The Price System

question 26

Multiple Choice

The price system

• A)is the voluntary exchange system used in the United States.
• B)is old fashioned and is no longer used.
• C)is used only in countries that are developing.
• D)is used to set resource prices only.

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Definitions:

NEPA

The National Environmental Policy Act (NEPA) is a United States environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality (CEQ).

Major Issues

Significant problems or challenges that are of widespread concern and require resolution or discussion.

Montreal Protocol

An international treaty designed to protect the ozone layer by phasing out the production of numerous substances that are responsible for ozone depletion.

Paris Climate Change Conference

An international meeting (COP21) held in 2015, where the Paris Agreement on climate change was negotiated, aiming to reduce global greenhouse gas emissions and limit global warming.