GDP differs from GPI in that
A) GDP is a subjective measure; GPI is objective.
B) GPI accounts for the costs of both basic human needs and environment harm; GDP does not.
C) GDP accounts for social costs; GPI focuses on economic output only.
D) GDP incorporates external costs; GPI does not.
E) GDP includes transactions in which money does not change hands, such as volunteer work; GPI does not.
Correct Answer:
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Q2: GPD and per capita GDP
A)measure and compare
Q3: The models of ecological economists focus on
A)resource
Q4: Environmental economists
A)view the earth's natural capital as
Q5: Which of the following business activities represents
Q6: The science of economics examines
A)the ways in
Q7: Internalizing external costs
A)involves making the market price
Q8: Tradable pollution rights
A)are not a market strategy
Q9: Tax shifting can be used as an
Q10: The _ price that we pay for
Q11: Full-cost pricing
A)could be implemented through government action.
B)reduces
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