An Example of a Conventional Environmental Cost Is

question 37

Multiple Choice

An example of a conventional environmental cost is:

• A) equipment to prevent environmental damage.
• B) provision for potential oil-spill clean up.
• C) when a firm produces a product that is difficult to dispose of safely.
• D) lost business because of adverse television publicity.

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Definitions:

Circular-Flow Diagram

A diagrammatic approach to displaying how financial transactions occur between businesses and family units across marketplaces.

Sector

A distinct subset of the economy, grouped based on their business activities, such as the technology sector or the healthcare sector.

Product Markets

Markets where finished goods and services are bought and sold.

Money Flow

refers to the movement of money within the economy, covering the circulation of money between individuals, businesses, and governments.