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Practice mode Natural Resources and the Environment Toward Sustainable Development

What is another name for a negative externality?

Correct answer B. External diseconomies

Explanation

A negative externality is a cost imposed on outsiders to a transaction, which is why it is also called an external diseconomy.

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Question 04 Natural Resources and the Environment Toward Sustainable Development

In environmental economics, what does irreversibility refer to?

Correct answer B. Natural resource that cannot be reproduced in the future if we fail to preserve them now

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