In What Way Does Environmental Economics Differ from Ecological Economics

question 55

Multiple Choice

In what way does environmental economics differ from ecological economics?

• A) Unlike environmental economics, ecological economics focuses on improving technology to increase production efficiency and reduce waste.
• B) In contrast to ecological economics, environmental economics promotes a shift away from a dependence on nonrenewable resources.
• C) Environmental economics applies the tools of modern economics to solve environmental problems with current economic systems that emphasize unlimited economic growth, while ecological economics operates under the assumption that economic growth does have limits.
• D) While ecological economics operates within a closed-loop, service-oriented economic system, environmental economics is a linear, product-oriented economic system.
• E) Though environmental economics works on internalizing external costs through true cost accounting, ecological economics discounts future value.

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Definitions:

Defensiveness

A psychological reaction that occurs when an individual feels threatened or challenged, leading to behaviors that protect their self-esteem or justify actions.

Reduce

To decrease in size, amount, extent, or number.

Social Competence

The ability to handle social interactions and relationships effectively, including understanding social cues and responding appropriately.

Anger

A strong emotional response to perceived provocation, frustration, or injustice, often characterized by feelings of annoyance, displeasure, or hostility.