ʺIf domestic gas prices rise to $5 per gallon, conservation will increase, alternative fuels will be developed, and energy efficiency and our quality of life will improve.ʺ This view is consistent with _______________ economics.

Question

Quizplus · Accepted Answer

The view presented suggests that higher gas prices would lead to conservation, development of alternative fuels, and improvements in energy efficiency and quality of life. This aligns with the principles of environmental economics, which emphasize the need to consider the environmental costs and benefits of economic activity, and advocate for policies that internalize these costs and encourage sustainable use of resources.

ʺIf Domestic Gas Prices Rise to $5 Per Gallon, Conservation