Answered step by step
Verified Expert Solution
Link Copied!

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

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

Step: 3

blur-text-image

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

Business A Changing World

Authors: O. C. Ferrell, Geoffrey Hirt, Linda Ferrell

10th edition

1259179397, 978-1259179396

More Books

Students also viewed these Economics questions

Question

What is the relationship between negative thinking and depression?

Answered: 1 week ago