Discuss the role of individuals and governments in committing environmental damage
Private individuals and government are major contributors to environmental damage.
Individual car owners are responsible for much of the air pollution in cities. Wood-burning stoves and fireplaces are a source of particulate pollution (smoke). Wastes from flush toilets and residential washing machines also cause significant harm.
Governments, too, add to the problem. Municipal treatment plant wastes are a major source of water pollution. Military aircraft expel exhaust fumes and cause noise pollution. Obsolete atomic materials and by-products associated with chemical and nuclear weapons are among the most dangerous of all wastes. Governments have also constructed giant dams and reservoirs that flooded farmlands and destroyed canyons.
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If a monopolist lowers its price
A) it lowers the barriers to entry. B) the quantity demanded increases. C) the quantity demanded remains the same. D) the quantity demanded decreases.
Among the following cases, the opportunity cost of crowding out is the smallest when the government spends dollars: a. staffing the Internal Revenue Service hotline
b. printing stationery for new members of Congress. c. placing photographs of the new President in government and diplomatic offices worldwide. d. on Social Security benefits. e. on new interstate highways.
The direct transfer of goods and services rather than cash is known as
A. Poverty support. B. In-kind transfers. C. Welfare income. D. Transfer payments.
Higher prices that result from a tax on luxury goods are likely to result in
A. fewer customers and less productivity. B. more customers and more productivity. C. fewer customers and more productivity. D. more customers and less productivity.