(Environmental protection) You have just been elected president of the United States. One of your most popular positions was that you would reduce the costs of doing business in the United States. When asked how you intended to ac¬ complish this, you replied, “By seeking to repeal all laws that create unnecessary costs. Repealing these laws will be good not only for business but also for the consumer, because product prices will be reduced.” Congress heard the message and has decided to repeal all environmental protection laws. Discuss the short¬ term and long-term implications of such a policy.

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