42)Fish in a lake are considered common resource property because the fish are available to anyone; however, when fish are caught, those fish are available only to the person who caught them.

True

False

43)In general, air pollution is _____, and greenhouse gases are _____.

localized; not localized

not localized; localized

localized; localized

not localized; not localized

44)Producers, but not consumers, can create externalities.

True

False

48)All of these are reasons companies spend money on corporate sustainability programs despite the potential of reducing profits EXCEPT

improving the corporate image.

adapting to newer technologies to improve long term efficiency.

responding to the demands of consumers.

achieving political gains in order to eliminate future environmental regulations.

52)Optimal pollution levels are not zero, except in the case of extremely toxic agents.

False

True

55)Global warming is an example of

the need to have decentralized pollution control centers.

market failure.

market efficiency.

the drawbacks of using the tradable permit system.