Question
Use references and explain. Air, preferably clean air, is an absolute necessity of life, yet it commands a zero price. On the other hand gold
Use references and explain.
Air, preferably clean air, is an absolute necessity of life, yet it commands a zero price.
On the other hand gold jewelry is quite expensive, yet has no intrinsic value beyond its use as an adornment, or in some industrial applications.
How do you explain the price differential of air and gold?
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Technical Change, Relative Prices, And Environmental Resource Evaluation
Authors: V Kerry Smith
1st Edition
1317358570, 9781317358572
