Question 1
1 / 1 pts
(CO 7) Which of the following definitions explains externality?
When a third party joins in the ecological dialogue
Correct!
Economic effects not taken into account in the decision making in a m
...
Question 1
1 / 1 pts
(CO 7) Which of the following definitions explains externality?
When a third party joins in the ecological dialogue
Correct!
Economic effects not taken into account in the decision making in a market
Those environmental problems that are beyond the control of individuals
Pressure from citizens outside an organization to demand corrective action by a company that pollutes
Question 2
1 / 1 pts
(CO 7) Why might attempts to stay on the treadmill result in monopolization, according to your text?
Labor rights conflict with values of big business.
Competitive adjustments allow all businesses to grow.
Correct!
Economic competition forces businesses to get big or get out.
All of the above
Question 3
1 / 1 pts
(CO 7) In the World Systems Theory, the periphery includes
the most powerful countries that exacerbate economic differences for profit.
Correct!
countries with less political and economic power.
countries with minimal environmental externalities.
regions that are just now bursting onto the world stage.
Question 4
1 / 1 pts
(CO 7) O’Connor argues that the crisis of overproduction stems from a contradiction in the structure of the
economy. What does this mean?
Growth that comes with the modernization of core countries erodes wages.
The treadmill of production at once improves ecological outcomes and degrades social values.
Large economic actors that employ the most laborers also most harm the environment.
Correct!
Regardless of technological advances, markets, labor costs, and politics, overproduction will always lower
profit margins and spin the treadmill of production faster.
Question 5
1 / 1 pts
(CO 7) Negative regulation could be defined as
regulation enabling interference from tax codes.
Correct!
regulation from interference.
regulation of comparative advantage.
regulation to the advantage for individuals, not corporations
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