According to the Optimistic Perspective of Environmental Problems, Which of the Following

question 48

Multiple Choice

According to the optimistic perspective of environmental problems, which of the following can be used to handle many of these problems?

• A) Environmental problems will take care of themselves.
• B) Technology will be developed that can handle many of these problems.
• C) The government should better regulate industries that have the worst impact on the environment.
• D) b and c

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Definitions:

Economies of Scale

Cost advantages reaped by companies when production becomes efficient, as the cost per unit of output decreases with increasing scale.

Horizontal Merger

The combination of two or more firms competing in the same market with the same good or service.

Horizontal Merger

A merger between companies that operate in the same industry, often as direct competitors.

Supplier-Customer Relationships

This term refers to the interactions and dealings between a business that provides products or services and its buyers.