Domestic firms operating abroad may find it economically beneficial to adopt environment-friendly standards because
A) foreign nations may be upset if firms do not use the environment-friendly technology.
B) the least-cost strategy usually involves the adoption of one set of environment-friendly technology rather than multiple standards.
C) they may be forced to replace the old technology whenever the foreign country experiences positive economic development.
D) their environment-unfriendly technology may be replaced by foreign-based technology.
E) Only C and D are correct.
B
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A negative externality clearly occurs when
A) a person's action unintentionally benefits other people. B) a person behaves in the public interest. C) a person's action unintentionally imposes costs on other people. D) a person couldn't care less about anybody else.
In the Friedman-Lucas money surprise model, a surprise increase in money supply growth
A) has no effect on inflation. B) increases inflation less than in proportion to the growth rate of the money supply. C) increases inflation in an equal proportion to the growth rate of the money supply. D) increases inflation more than in proportion to the growth rate of the money supply.