Adding external costs to the cost of goods and services would counter the amount people now pay for poor health,high-priced insurance,and pollution controls.

Question

Quizplus · Accepted Answer

By adding external costs (such as those associated with poor health and pollution) to the cost of goods and services, the true cost of these products would be reflected, and may incentivize companies to adopt more sustainable and health-conscious practices. This would ultimately lead to a decrease in the amount people pay for poor health, high-priced insurance, and pollution controls.

Adding External Costs to the Cost of Goods and Services