In Economic Analysis, Air Pollution, Water Pollution, and Scenery Destruction

question 196

Multiple Choice

In economic analysis, air pollution, water pollution, and scenery destruction are considered to be

• A) externalities.
• B) internalities.
• C) private costs.
• D) marginal benefits.

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Definitions:

Kohlberg

Refers to Lawrence Kohlberg, a psychologist known for his theory of moral development, which suggests that moral reasoning develops in stages.

Moral Judgments

Evaluations or decisions made about the rightness or wrongness of actions based on a set of ethical principles or moral values.

Moral Development

Refers to the process through which individuals develop their understanding of morality, distinguishing right from wrong and forming ethical beliefs and behavior patterns.

Moral Orientations

Perspectives or approaches that guide how individuals interpret and apply ethical principles and values.