Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help figuring out what the answer is and why it is that answer. Which of the following is an argument, on its own, for

Need help figuring out what the answer is and why it is that answer.

Which of the following is an argument, on its own, for steady state (i.e. zero growth) as societally optimal, eventually necessary for environmental sustainability, or both?

a. The ecological footprint and carbon emissions are currently unsustainable, and must be reduced.

b. Economic activity can only be indefinitely sustained on external energy sources, which are finite, and it is impossible to fully decouple economic growth from energy use.

c.If marginal disutility (i.e. cost) of economic activity increases in scale, approaching infinity, and marginal utility of economic activity decreases in scale, approaching zero, then there must be a finite optimum scale of economic activity.

d. Both b and c are correct.

e. All of the above are correct.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics

Authors: N Gregory Mankiw

9th Edition

1464182892, 9781464182891

More Books

Students also viewed these Economics questions

Question

(a) The greater x component, (b) The greater y component?

Answered: 1 week ago

Question

Do not come to the conclusion too quickly

Answered: 1 week ago

Question

Engage everyone in the dialogue

Answered: 1 week ago