Which of the following statements is least accurate?
A) Without considering the intrinsic value of the natural ecosystems, a divergence between
economically and ecologically optimum pollution may be inevitable
B) The economic estimate of the damage function is likely to overstate the welfare of the
future generations and the value of maintaining diversity
C) The standard neoclassical economic approach to pollution control is most likely to stress
pollution cleanup.
D) The ecological economic approach to pollution control is most likely to stress pollution
prevention
E) All of the above statements are inaccurate

Question

Which of the following statements is least accurate?
A) Without considering the intrinsic value of the natural ecosystems, a divergence between
 economically and ecologically optimum pollution may be inevitable
B) The economic estimate of the damage function is likely to overstate the welfare of the
 future generations and the value of maintaining diversity
C) The standard neoclassical economic approach to pollution control is most likely to stress
 pollution cleanup.
D) The ecological economic approach to pollution control is most likely to stress pollution
 prevention
E) All of the above statements are inaccurate

Quizplus · Accepted Answer

Statement B is least accurate because economic estimates of damage functions are more likely to understate, rather than overstate, the welfare of future generations and the value of maintaining diversity. This is because many aspects of biodiversity and ecosystem services are difficult to quantify in economic terms, leading to their undervaluation in economic analyses.

Which of the Following Statements Is Least Accurate