Congress Enacts Air Quality Legislation

question 23

Multiple Choice

Congress enacts air quality legislation.To implement and enforce this law,as is typical of other environmental statutes and regulations,the federal government will most likely rely on

• A)all levels of government.
• B)local chambers of commerce.
• C)local police departments.
• D)polluters' self-monitoring.

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Definitions:

Opportunity Cost

Opportunity cost is the value of the next best alternative foregone as the result of making a decision, essentially what you give up to get something else.

Benefits

Various forms of value or advantages that individuals or organizations receive, which can include health insurance, pensions, or profits.

Costs

The expenditure required to produce, acquire, or maintain a product or service, including materials, labor, and overhead expenses.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors, using fewer resources.