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

Question

Quizplus · Accepted Answer

By adding external costs such as the cost of pollution and resulting health problems to the price of goods and services, it would make those who are responsible for the pollution pay for the harm they cause. This would reduce the burden on individuals who currently pay for these costs through poor health, high insurance costs, and pollution control measures.

Adding External Costs to the Cost of Goods and Services