Which one of the following statements is false? a. The economically optimal level of pollution based on standard environmental economics is always less than the absorptive capacity of the environment. b. Standard economic theory generally assumes substitutability between resources. c. Satellite accounts can indicate the abundance or scarcity of natural resources over time. d. Cutting down forests is an example of natural capital depreciation. e. Complementarity suggests that both natural and manufactured capital are necessary for production.
Which one of the following statements is false? a. The economically optimal level of pollution based on standard environmental economics is always less than the absorptive capacity of the environment. b. Standard economic theory generally assumes substitutability between resources. c. Satellite accounts can indicate the abundance or scarcity of natural resources over time. d. Cutting down forests is an example of natural capital depreciation. e. Complementarity suggests that both natural and manufactured capital are necessary for production.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which one of the following statements is false?
a. The economically optimal level of pollution based on standard environmental economics is always less than the absorptive capacity of the environment.
b. Standard economic theory generally assumes substitutability between resources.
c. Satellite accounts can indicate the abundance or scarcity of natural resources over time.
d. Cutting down forests is an example of natural capital depreciation.
e. Complementarity suggests that both natural and manufactured capital are necessary for production.
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