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What is the goal in terms of market price and true price gap?
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?
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?
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?
What is the concept of 'internalization' in the context of the text?
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Why do some people argue that internalization is impossible according to the text?
Why do some people argue that internalization is impossible according to the text?
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