Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter11: Public Goods And Common Resources
Section: Chapter Questions
Problem 10PA
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Question
Which of the following is not considered a strength of the environmental economics approach?
a.
companies will be motivated to try and reduce environmental impacts to have more economic gain.
b.
market-based solutions offer incentives for behavioural changes that directly address the issue at hand, fostering tangible change.
c.
policies with significant economic costs often face rejection.
d.
it assigns price/ quantitative value to natural resources, making it easier to weigh the impacts and awareness on how companies/people use it.
e.
it tries to balance the resource that you have, whatever it may be, to use and manage it appropriately and tries not to have any negative impacts on our environment.
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