13. Many economists propose finding ways to include the harmful environmental an

Question

13. Many economists propose finding ways to include the harmful environmental and health costs of producing and using goods and services in their market prices. What is this practice called? a. biodiversifying b. hidden appraisals c. subsidizing d. full-cost pricing e. external valuations 14. Sustainable yield is the highest rate at which we can use a(n) ____ without reducing its available supply. a. renewable resource b. inorganic resource c. energy resource d. mineral resource e. nonrenewable resource 15. The tragedy of the commons refers to the ____. a. overuse of privately held resources b. degradation of shared common resources c. human deaths resulting polluted shared resources such as air or water d. government over-regulation of fresh water use e. use of nonrenewable resources

Explanation / Answer

13) d. full-cost pricing
Full cost pricing includes the harmful environmental and health costs of producing and using goods and services in their market prices
14) a. renewable resource
Sustainable yield is the highest rate at which we can use a renewable resource without reducing its available supply.
15) b. degradation of shared common resources
The tragedy of the commons refers to the overuse a common resource.

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