Although the dividing line between the two is blurring generally speaking, _______ is concerned with resource extraction and __________ is concerned with environmental degradation.

Question

Quizplus · Accepted Answer

Natural resource economics is concerned with the extraction, production, and distribution of natural resources, while environmental economics is concerned with the impact of economic activity on the environment. While there is overlap between the two, the primary focus of natural resource economics is on the sustainable use of resources, whereas the primary focus of environmental economics is on finding ways to internalize the costs of environmental degradation into economic decision-making.

Although the Dividing Line Between the Two Is Blurring Generally