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Which of the following statement is true about externalized and internalized costs?

Which of the following statement is true about externalized and internalized costs?

Applications and Investigations in Earth Science (9th Edition)
Applications and Investigations in Earth Science (9th Edition)
9th Edition
ISBN:9780134746241
Author:Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa
Publisher:Edward J. Tarbuck, Frederick K. Lutgens, Dennis G. Tasa
Chapter1: The Study Of Minerals
Section: Chapter Questions
Problem 1LR
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Which of the following statement is true about externalized and internalized costs? * Internalizing externalized costs does nc have any positive effect on the environment because damage is done and it doesn't matter who pays for that damage. Externalized costs can be internalized by taking necessary measures to limit or eliminate pollution and other forms o environmental degradation. The cost is internalized if the damage is global and the creator of the emissions is not held directly responsible, so it becomes a burden on society as a whole.
Transcribed Image Text:Which of the following statement is true about externalized and internalized costs? * Internalizing externalized costs does nc have any positive effect on the environment because damage is done and it doesn't matter who pays for that damage. Externalized costs can be internalized by taking necessary measures to limit or eliminate pollution and other forms o environmental degradation. The cost is internalized if the damage is global and the creator of the emissions is not held directly responsible, so it becomes a burden on society as a whole.
uumuy u 1u uvII and it doesn't matter who pays for that damage. Externalized costs can be internalized by taking necessary measures to limit or eliminate pollution and other forms o environmental degradation. The cost is internalized if the damage is global and the creator of the emissions is not held directly responsible, so it becomes a burden on society as a whole. The cost is externalized if the damage is local and the creator of the emissions accepts the responsibility and cost of containing and remediating it.
Transcribed Image Text:uumuy u 1u uvII and it doesn't matter who pays for that damage. Externalized costs can be internalized by taking necessary measures to limit or eliminate pollution and other forms o environmental degradation. The cost is internalized if the damage is global and the creator of the emissions is not held directly responsible, so it becomes a burden on society as a whole. The cost is externalized if the damage is local and the creator of the emissions accepts the responsibility and cost of containing and remediating it.
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