One area where traditional economics differs from environmental economics is that traditional economics tends to give more weight to _________ benefits and costs than it does to ________ benefits and costs.

Question

Quizplus · Accepted Answer

Traditional economics tends to focus on the short-term benefits and costs because it assumes that markets will eventually reach equilibrium and that individuals are rational and self-interested. On the other hand, environmental economics acknowledges the long-term consequences and externalities of economic actions, such as pollution and natural resource depletion.

One Area Where Traditional Economics Differs from Environmental Economics Is