Question
In: Economics
Which of the following statements is a possible benefit of a cleaner environment? Select the correct...
Which of the following statements is a possible benefit of a cleaner environment?
Select the correct answer below:
a) Property values may be higher.
b) People may stay healthier and live longer.
c) Industries that rely on clean air and water may benefit.
d) All of the above.
Solutions
Expert Solution
As we know, people in the economy strictly prefer the cleaner environment and when there is a cleaner environment it implies that property values may be higher as people will like to move to the place where environment is clean and as the demand for property in the areas where the environment is clean increases, the price of those properties may increase. Secondly, when the environment is clean it implies that people will be healthy and live longer as they will breathe the fresh air and they will not exposed to the diseases that one catches due to pollution. Lastly, industries that rely on clean air and water may benefit as clean environment will help them increase their production and thereby earnings. So the right answer is option D, that is, all of the above.
Rahul Sunny answered 2 years agoRelated Solutions
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