Answer to Question #252213 in Economics for lebo

Question

explain whether the following statements are true or false

vi. Environmental degradation imposes some economic costs on the whole economic system.

vii  Environmental Economics is a subfield of economics that applies economic theories to analyze the generality of many economic problems.

viii.  There is no difference between Ecological Economics and Environmental Economics.

ix. Pareto efficiency assists in evaluating the welfare impacts of implementing an environmental policy in a society with a view of adopting any policy interventions that produce the highest net social welfare irrespective of whether individuals are better off or worse off.

x. Externality results from some progressive market failures in society. 

Answer 1

vi. Environmental degradation imposes some economic costs on the whole economic system. - True

vii Environmental Economics is a subfield of economics that applies economic theories to analyze the generality of many economic problems. - False

viii.  There is no difference between Ecological Economics and Environmental Economics. - False

ix. Pareto efficiency assists in evaluating the welfare impacts of implementing an environmental policy in a society with a view of adopting any policy interventions that produce the highest net social welfare irrespective of whether individuals are better off or worse off. - False

x. Externality results from some progressive market failures in society. - True