Which of the following is a criterion used by environmental economists to evaluate environmental policies?
A) Efficiency
B) Fairness
C) Equity
D) All of the above

Question

Quizplus · Accepted Answer

Environmental economists use all three criteria (efficiency, fairness, and equity) to evaluate environmental policies. Efficiency refers to the ability of a policy to achieve environmental goals at the lowest possible cost. Fairness refers to the distribution of costs and benefits of the policy among different groups in society. Equity refers to the consideration of future generations and their ability to enjoy a clean and healthy environment. Therefore, all three criteria are important in evaluating the effectiveness of environmental policies.

Which of the Following Is a Criterion Used by Environmental