Most of Our Environmental Problems Exist Because of
Most of our environmental problems exist because of
A)a lack of enforced and easily traded property rights.
C)profit maximization on the part of business firms.
D)the failure of political officials to regulate business activities.
Providing citizens with enforceable property rights to resources
A)increases resource conservation and decreases wasteful resource use.
B)promotes economic prosperity and thus increases demand for environmental quality.
C)provides people with a strong incentive not to damage the privately owned resources of others.
D)does all of the above.
Pollution from a privately owned factory that seriously harms a privately owned forest will,if property rights are strongly protected,
A)not result in penalties to the polluter,who has a right to use his property as he wishes.
B)make the polluter liable for any damages done to the forest.
C)be ignored under the law,in favor of the polluting factory owner.
For a privately owned business in a competitive market setting,
A)reducing resource use while producing the same output adds to profit and typically reduces waste products and thus cuts pollution as well.
B)when property rights are well-defined and strictly enforced,the firm will be able to pollute air and water without having to bear the cost of the damages imposed on others.
C)wasteful use of resources results in more pollution but greater profit.
D)reducing pollution almost never pays.