Which Type of Economist Views Economic Systems as Subsystems of the Biosphere

question 20

Multiple Choice

Which type of economist views economic systems as subsystems of the biosphere that depend heavily on irreplaceable natural resources?​

• A) ​neoclassical
• B) ​ecological
• C) ​environmental
• D) ​classical
• E) ​full-cost

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Definitions:

Plums

A type of fruit belonging to the genus Prunus, known for its juicy and sweet flesh.

Distinguish

To recognize or point out the differences between two or more things or to identify as distinct.

Moral Hazard

A situation where one party engages in risky behavior or lacks incentive to guard against risk because another party bears the consequences of that behavior.

Risk Efficiently

The optimal management of risk to maximize returns relative to the level of risk taken.