Pollution Is Caused by a Market Failure, in an Industry

question 362

Multiple Choice

Pollution is caused by a market failure, in an industry in which there is

• A) unemployment.
• B) an over-allocation of resources in production.
• C) excess demand.
• D) excessive cost borne by the firm.

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Definitions:

Tuskegee Syphilis Study

A notorious and unethical study conducted from 1932 to 1972 by the U.S. Public Health Service to observe the natural progression of untreated syphilis in African-American men.

Ethical Abuse

A term not widely recognized in professional literature, but suggests behaviors or practices that might exploit or harm individuals under the guise of ethical norms.

Inferential Statistics

A branch of statistics that uses a sample of data to make inferences about the general population from which the sample was drawn.

Hypothesis

A suggested reason for an occurrence, established as an initial phase for more detailed examination.