Sustainable Development and Economic Transition
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Questions and Answers

What is the goal in terms of market price and true price gap?

  • Decrease market price slightly and increase true price gap
  • Increase market price slightly and decrease true price gap (correct)
  • Fluctuate market price and true price gap
  • Keep market price constant and ignore true price gap

    • What are examples of environmental external costs mentioned in the text?

  • Climate change, pollution, and human rights issues
  • Underearning, gender discrimination, and health risks
  • Air pollution, soil pollution, and water pollution (correct)
  • Scares energy use, climate change, and water use

    • How is the 'true price' calculated according to the text?

  • By ignoring social and environmental costs
  • By considering only market prices
  • By estimating future resource availability
  • By looking at damages, quantifying them, and putting a price on it (correct)

    • What is the concept of 'internalization' in the context of the text?

    <p>The polluter pays for the external costs imposed on others</p> Signup and view all the answers

    Why do some people argue that internalization is impossible according to the text?

    <p>Due to high competition, which could lead to being priced out of the market</p> Signup and view all the answers

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