Environmentally harmful effects often tend to be long term, even though the benefits of using the environment are almost immediate. This is an example of what type of market failure?

Question

Quizplus · Accepted Answer

Inter-generational problems occur when the benefits of an activity are enjoyed by the current generation, but the costs are borne by future generations. In this case, the benefits of using the environment are enjoyed by the current generation, but the environmental harm caused by this use will be borne by future generations.

Environmentally Harmful Effects Often Tend to Be Long Term, Even