When Society Requires That Firms Reduce Pollution, There Is

question 200

Multiple Choice

When society requires that firms reduce pollution, there is

• A)a tradeoff because of reduced incomes to the firms' owners and workers.
• B)a tradeoff only if some firms are forced to close.
• C)no tradeoff, since the cost of reducing pollution falls only on the firms affected by the requirements.
• D)no tradeoff, since everyone benefits from reduced pollution.

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Definitions:

Revenue Journal

An accounting journal used to record the company's revenue transactions systematically.

Office Equipment

Fixed assets intended for use over a long period of time for the purpose of performing office-related tasks.

Services Rendered

Work or services provided by a business or individual, typically in exchange for payment.

Cash Payments Journal

A financial accounting journal used to record all transactions that result in cash payments, including operating expenses, asset purchases, and debt repayments.