If cutting down a native forest causes many rare animals to become extinct, a cost-benefit analysis would still class this as a cost, even if there is no market price for species survival.

Question

Quizplus · Accepted Answer

A cost-benefit analysis considers both economic and non-economic factors. While there may not be a market price for species survival, the loss of biodiversity and rare animals can still be considered a cost in a cost-benefit analysis. This is because there are values and benefits associated with biodiversity and the preservation of rare species, such as ecological, cultural, and aesthetic values, which are important to consider in evaluating the costs and benefits of different actions.

If Cutting Down a Native Forest Causes Many Rare Animals