Question

In: Economics

True False: If the statement is false, make an argument why. 10. When resources are not...

True False: If the statement is false, make an argument why.

10. When resources are not allocated in a manner that is consistent with demands of society, the market fails, and regulation occurs.

11. In the future the federal government is destined to become more involved in preserving limited resources.

12. Agriculture is a major source of pollution.

13. Food safety has become less important policy concern because science has eliminated the dangers of E. Coli communication of undercooked hamburger, Salmonella contamination of poultry, and Listera contamination of diary products.

14. Science has cleared farmers of responsibility for food safety

15. The major concern of policymakers dealing with issues of food safety involves reducing the health risk to zero

Solutions

Expert Solution

The statement that “When resources are not allocated in a manner that is consistent with demands of society, the market fails, and regulation occurs,” is True.

The statement that “In the future the federal government is destined to become more involved in preserving limited resources,” is True.

The statement that “Agriculture is a major source of pollution,” is True because of the use of chemical fertilizers and pesticides that pollute water.

The statement that “Food safety has become less important policy concern because science has eliminated the dangers of E. Coli communication of undercooked hamburger, Salmonella contamination of poultry, and Listera contamination of diary products,” is False. This is because bacteria and viruses continue to evolve. Moreover, with global warming rising temperature is creating fertile ground for the birth of new types of bacteria and viruses.

The statement that “Science has cleared farmers of responsibility for food safety,” is False. This is because science can complement the farmers in increasing their productivity, but it cannot replace the farmers.

The statement that “The major concern of policymakers dealing with issues of food safety involves reducing the health risk to zero,” is False. This is because the major concern is to minimize the health risk as low as possible. This is because of the dynamic nature of bacteria and viruses that keep on evolving.


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