The New Discipline of "Ecological Economics" Calculates the Value of an Ecosystem

question 30

True/False

The new discipline of "ecological economics" calculates the value of an ecosystem, not in terms of what people are willing to pay for it, but in terms of what it would cost to provide the benefits and services that the ecosystem now furnishes us.

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Definitions:

Resource Conservation

Practices and strategies aimed at protecting, preserving, and sustainably managing natural resources.

Recovery Act

A legislative package aimed at stimulating economic recovery and assisting those affected by a financial downturn.

Superfund

A program established by the United States government to fund the cleanup of sites contaminated with hazardous substances and pollutants.

Hazardous Waste Sites

Locations where hazardous waste is stored, treated, and disposed, often requiring special handling and regulatory oversight due to potential risk to health and environment.