For the purpose of protecting the environment, upon which of the following approaches do we rely more and more as time goes by?
A)adherence to the notion of the invisible hand
B)command-and-control policies
C)the development and enforcement of regulations
D)the requirement that decision makers bear the full costs of their actions

Question

Quizplus · Accepted Answer

The requirement that decision makers bear the full costs of their actions, also known as the polluter pays principle, is becoming increasingly important in protecting the environment as it encourages individuals and businesses to internalize the environmental costs of their actions, leading to more responsible and sustainable behavior. Additionally, this approach is compatible with economic principles, as it aligns private costs and benefits with social costs and benefits.

For the Purpose of Protecting the Environment, Upon Which of the Following