Environmental Economics Basics
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Environmental Economics Basics

Created by
@FreePennywhistle

Questions and Answers

What is currently missing from marketplace prices of goods and services?

  • Labor costs associated with production
  • Production costs of resources
  • Environmental costs of resource use (correct)
  • Transportation expenses
  • Why is it important to include environmental costs in marketplace prices?

  • To promote sustainable consumption and production (correct)
  • To simplify the pricing structure
  • To make goods and services more expensive
  • To increase profits for companies
  • What might be a consequence of excluding environmental costs from prices?

  • Improved government regulations on production
  • Higher consumer spending on eco-friendly products
  • Increased awareness of sustainability
  • Resource depletion and environmental degradation (correct)
  • Which statement best describes the current situation of prices in the marketplace?

    <p>They exclude environmental costs associated with resources</p> Signup and view all the answers

    What approach can help internalize environmental costs into market pricing?

    <p>Taxing polluting activities and resource use</p> Signup and view all the answers

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