The price of many commodities does not reflect their actual cost to society.This illustrates:
A)the operation of imperfect price signals
B)the importance of political pressure in prompting action on environmental issues
C)the slow pace of change
D)all of these choices
E)none of these choices

Question

Quizplus · Accepted Answer

The price of many commodities often does not include external costs such as environmental degradation, which is an example of imperfect price signals. These signals fail to reflect the true cost to society, leading to overconsumption or underinvestment in sustainability.

The Price of Many Commodities Does Not Reflect Their Actual