Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is a consequence of discounting the future when talking about resources and the environment in economic terms?Discounting causes people to consider all environmental impacts
What is a consequence of "discounting" the future when talking about resources and the environment in economic terms?Discounting causes people to consider all environmental impacts when making economic decisions. Unselected Discounting encourages us to consider the long-term consequences of our actions on the environment. Unselected Discounting discourages economic growth because resources are "tied up" and not used. Unselected Discounting encourages policymakers to downplay long-term consequences of our actions on the environment. Unselected Discounting causes the prices of resources to fall when those resources become scarce
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started