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.

Environmental economics is a subdiscipline of economics that applies the values and tools of…

Answered: Which of the following is not…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following is not considered a strength of the environmental economics approach?

companies will be motivated to try and reduce environmental impacts to have more economic gain.

market-based solutions offer incentives for behavioural changes that directly address the issue at hand, fostering tangible change.

policies with significant economic costs often face rejection.

it assigns price/ quantitative value to natural resources, making it easier to weigh the impacts and awareness on how companies/people use it.

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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