The Economic Approach to Issues of the Environment Can Be

question 1

Multiple Choice

The economic approach to issues of the environment can be directly contrasted with the ________, while the former relies on analytic models and incentives to explain environmental quality the latter interprets environmental degradation as a result of _______.

• A) analytic approach; negative externality
• B) direct approach; indirect policy
• C) moral approach; unethical behavior
• D) positive approach; opportunity cost

---

Definitions:

Tax Burden

The financial charge or impact that a taxpayer faces due to government taxation.

Buyers

Individuals or entities that purchase goods or services for personal use, resale, or production purposes.

Unit

A standard measure or quantity used in expressing the size, amount, or extent of something, often used in economics for analysis.

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.