EVERYDAY SCIENCE

SCIENCE

ENVIRONMENTAL SCIENCES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Listing both the merits and expenses involved in implementing a particular environmental solution is an example of a(n)
A
cost-benefit analysis. b. risk assessment. c. ecological footprint. d. market equilibrium.
B
risk assessment.
C
ecological footprint.
D
market equilibrium.
Explanation: 

Detailed explanation-1: -Listing both the merits and expenses involved in implementing a particular environmental solution is an example of a(n) cost-benefit analysis.

Detailed explanation-2: -It helps decision makers to have a clear picture of how society would fare under a range of policy options for achieving particular goals. This is particularly the case for the development of environmental policy, where cost-benefit analysis is central to the design and implementation of policies in many countries.

Detailed explanation-3: -Environmental cost-benefit analysis (CBA) is the application of CBA to projects or policies that have the deliberate aim of environmental improvement or actions that somehow affect the natural environment as an indirect consequence.

Detailed explanation-4: -A system that is based on the natural environment and includes biotic and abiotic components which interact. The major environmental systems are the atmosphere (air), biosphere (living organisms), hydrosphere (water), cryosphere (ice), pedosphere (soil), and lithosphere (rock).

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