Most of our environmental problems exist because of
A) a lack of enforced and easily traded property rights.
B) consumer ignorance.
C) profit maximization on the part of business firms.
D) the failure of political officials to regulate business activities.

Question

Quizplus · Accepted Answer

A lack of enforced and easily traded property rights creates externalities, which are costs or benefits that are not reflected in the price of a good or service. This can lead to overconsumption or underproduction of the good or service, as well as environmental problems.

Most of Our Environmental Problems Exist Because of