Before the enactment of the environmental protection laws of the 1970s, which of the following was the generally accepted approach in the United States to business's responsibility? Multiple Choice 0 Only Individuals who could prove that they had been harmed by pollution could raise legal challenges to alr and water pollution. O As long as business responded to the market and obeyed the law. It met its environmental responsibilities. O Laws established minimum standards to ensure alr and water quality and species preservation. Absent any proof of negligence, public policy lets the market decide environmental policy. Select the statement that does not identify a problem that suggests that the regulatory approach will prove inadequate over the long term. Multiple Choice It underestimates the ability of business to Influence consumer choice. It assumes that business fulfills its environmental responsibility when it responds to the environmental demands of consumers. O It underestimates the influence that business can have in establishing the law. o It assumes that economic growth is environmentally and ethically benign. Choose the statement that defenders of the circular flow model, which explains the nature of economic transactions in terms of a flow of resources from businesses to households, would agree with. 0 The services that resources yield can be provided in many ways by substituting different factors of production and are, therefore, Infinite. 0 The possibility that the economy can grow indefinitely to keep up with significant population growth is Ignored by this model. 0 If resources are moved through the classical model of a productive system at a rate that outpaces the productive capacity of the earth or the earth's capacity to absorb wastes and by-products of the system, the entire classical model will prove unstable. 0 Many resources like clean air, drinkable water, fertile soll, and food, under the circular flow model, cannot be replaced by the remaining factors of production. Identify the statement that does not meet Natural Capitalism's principles for the redesign of business to meet its environmental responsibilities. Multiple Choice To serve the needs of the poorest 75 percent of the world's population, ecoefficient business practices focus on ways of increasing efficiency and, therefore, decreasing resource use by a factor of 5 to 10. To serve the needs of the poorest 75 percent of the world's population, the standard growth model would increase economic growth by a factor of 5 to 10. The principle of blomimicry attempts to eliminate by-products once lost as waste and pollution and relntegrate them into the production process or return them as a benign or beneficial product to the blosphere. Models of business as a producer of goods should be replaced with a model of business as a provider of services. Before the enactment of the environmental protection laws of the 1970s, which of the following was the generally accepted approach in the United States to business's responsibility? Multiple Choice 0 Only Individuals who could prove that they had been harmed by pollution could raise legal challenges to alr and water pollution. O As long as business responded to the market and obeyed the law. It met its environmental responsibilities. O Laws established minimum standards to ensure alr and water quality and species preservation. Absent any proof of negligence, public policy lets the market decide environmental policy. Select the statement that does not identify a problem that suggests that the regulatory approach will prove inadequate over the long term. Multiple Choice It underestimates the ability of business to Influence consumer choice. It assumes that business fulfills its environmental responsibility when it responds to the environmental demands of consumers. O It underestimates the influence that business can have in establishing the law. o It assumes that economic growth is environmentally and ethically benign. Choose the statement that defenders of the circular flow model, which explains the nature of economic transactions in terms of a flow of resources from businesses to households, would agree with. 0 The services that resources yield can be provided in many ways by substituting different factors of production and are, therefore, Infinite. 0 The possibility that the economy can grow indefinitely to keep up with significant population growth is Ignored by this model. 0 If resources are moved through the classical model of a productive system at a rate that outpaces the productive capacity of the earth or the earth's capacity to absorb wastes and by-products of the system, the entire classical model will prove unstable. 0 Many resources like clean air, drinkable water, fertile soll, and food, under the circular flow model, cannot be replaced by the remaining factors of production. Identify the statement that does not meet Natural Capitalism's principles for the redesign of business to meet its environmental responsibilities. Multiple Choice To serve the needs of the poorest 75 percent of the world's population, ecoefficient business practices focus on ways of increasing efficiency and, therefore, decreasing resource use by a factor of 5 to 10. To serve the needs of the poorest 75 percent of the world's population, the standard growth model would increase economic growth by a factor of 5 to 10. The principle of blomimicry attempts to eliminate by-products once lost as waste and pollution and relntegrate them into the production process or return them as a benign or beneficial product to the blosphere. Models of business as a producer of goods should be replaced with a model of business as a provider of services