Multiple Choice
The use of chlorofluorocarbons in refrigerators and air conditioners is alleged to cause the destruction of the ozone layer that surrounds the earth.This layer protects humans from ultraviolet radiation, which causes skin cancer.Industry has been prohibited from using these substances in aerosol cans, but the government has been reluctant to ban their use altogether because of the serious economic consequences.Economists analyze such problems and refer to them as
A) issues of unfairness.
B) examples of excess abstraction.
C) externalities.
D) comparative advantage issues.
E) examples of trade-offs between output and equality.
Correct Answer:

Verified
Correct Answer:
Verified
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