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From an economic perspective pollution involves ______ and _______.Multiple choice question.costs; pricecosts; benefitsprofits; lossesbenefits; advantages

Question

From an economic perspective pollution involves ______ and _______.

  • Multiple choice question.
    • costs; price
    • costs; benefits
    • profits; losses
    • benefits; advantages
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Solution

To answer this multiple-choice question, we need to identify the terms that best describe pollution from an economic perspective.

Analyzing the Options:

  1. Costs; Price: This option implies that pollution has associated costs and a pricing mechanism. While costs are relevant, "price" does not adequately capture the concept.

  2. Costs; Benefits: This option considers the economic costs of pollution (like health impacts, environmental damage) and the benefits of pollution (like industrial output). This is a crucial perspective in environmental economics.

  3. Profits; Losses: This option discusses financial outcomes but does not fit well with the broader scope of pollution that includes environmental and health aspects.

  4. Benefits; Advantages: Both terms convey positive impacts, which does not align with the negative implications of pollution.

Conclusion:

The most accurate pairing that reflects the economic perspective on pollution is "costs; benefits."

Final Answer:

From an economic perspective, pollution involves costs and benefits.

This problem has been solved

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