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Angela Driskill
on Nov 05, 2024

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The field of ________ is concerned with externalities.

A) environmental economics
B) macroeconomics
C) game theory
D) econometric modeling

Environmental Economics

A branch of economics that studies the economic impact of environmental policies and the cost-benefit analysis of environmental changes.

Externalities

Financial implications or outcomes that impact parties not directly involved, which can either be beneficial or detrimental.

Econometric Modeling

Econometric modeling involves the use of statistical techniques to analyze economic data, helping to forecast future trends and understanding economic relationships.

  • Understand the concept of environmental economics and its approach to managing pollution and external costs.
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Brendan LeddyNov 07, 2024
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