The study of external costs is a major concern of
A) labor economics.
B) international economics.
C) environmental economics.
D) macroeconomists.

Question

Quizplus · Accepted Answer

The study of external costs or negative externalities, which refer to the costs that are not captured by the market and can be imposed on society or the environment, is a major concern of environmental economics. Labor economics is concerned with the behavior of workers, firms, and markets related to the employment and compensation of labor; international economics deals with trade, finance, and globalization issues; and macroeconomics deals with issues related to the aggregate economy, such as inflation, unemployment, and growth.

The Study of External Costs Is a Major Concern of