Asked by
venus de guzman
on Dec 08, 2024Verified
The field of environmental economics is concerned with
A) externalities.
B) public goods.
C) government inefficiency.
D) economies of scale.
Environmental Economics
A subfield of economics dealing with the relationship between the economy and the environment, focusing on environmental policies and economic consequences.
Externalities
Economic side effects or consequences that affect uninvolved third parties; can be positive or negative.
Public Goods
Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone and one person's use does not reduce availability to others, such as clean air.
- Understand the role of environmental economics in addressing external costs and benefits.
Verified Answer
ML
Learning Objectives
- Understand the role of environmental economics in addressing external costs and benefits.