A proposal to relax environmental regulations must
A) be assessed by comparing costs and benefits.
B) be assessed by determining the amount by which GDP would therefore increase.
C) be assessed by determining the amount by which GDP would therefore decrease.
D) never be considered.
E) always be approved.

Question

Quizplus · Accepted Answer

Any proposal to relax environmental regulations must go through a thorough cost-benefit analysis to determine the potential risks and benefits associated with the decision. This would help inform policymakers about whether the proposal would lead to an overall net gain or loss to society. Simply looking at changes in GDP alone would be insufficient as it does not take into account externalities such as environmental degradation, which can have severe and long-lasting impacts on communities and the economy.

A Proposal to Relax Environmental Regulations Must