The spending needed to maintain the utility level of society to compensate for resources used to achieve a cleaner environment is referred to as explicit environmental costs.

Question

Quizplus · Accepted Answer

The spending needed to maintain the utility level of society to compensate for resources used to achieve a cleaner environment is referred to as implicit environmental costs, not explicit environmental costs. Explicit environmental costs refer to direct payments made for environmental management or protection.

The Spending Needed to Maintain the Utility Level of Society