Related to the Economics in Practice on p. 117: Actions that impact the state of the environment, like pollution, are considered ________ activities in terms of the national income and product accounts.
A) market
B) nonmarket
C) underground economy
D) depreciable

Question

Quizplus · Accepted Answer

Nonmarket activities are those that do not have a market value, such as household production, volunteer work, and activities that impact the environment. As pollution is not traded in the market and does not have a price, it is considered a nonmarket activity in the national income and product accounts.

Related to the Economics in Practice on P