By ignoring the ________, economies create a false idea of the _______ of particular choices.

Question

Quizplus · Accepted Answer

By ignoring external costs, such as environmental damages or social costs, economies create a false idea of the true cost of particular choices. This leads to a situation where decisions may appear good for the economy, but have negative consequences for society and the environment. Ignoring internal costs, on the other hand, would not give a false idea of the true cost, as internal costs are already taken into account in the decision-making process. Closed-loop systems are not relevant to the issue of false ideas of cost.

By Ignoring the ________, Economies Create a False Idea of the _______

By Ignoring the __, Economies Create a False Idea of the _