Environmental Economics Is the Application of the Principles of Economics

question 18

Multiple Choice

Environmental economics is the application of the principles of economics to the study of the use of environmental resources. As such, it draws mostly from the field of ____________.

• A) microeconomics
• B) environmental science
• C) operations research and supply chain management
• D) macroeconomics

---

Definitions:

SST

Total Sum of Squares, a measure used in statistical analysis to quantify the total variance observed in a dataset.

Observations

Data points collected during an experiment or study.

Degrees Of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution or a system without violating any constraints.

Multiple Regression

A statistical method that predicts the behavior of a dependent variable based on two or more independent variables.