Opportunity Costs of Environmental Damage
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Question (English)
The costs of negative environmental impacts are called:
- Sunk costs
- Opportunity costs ✓ Correct
- Fixed costs
- Variable costs
Explanation:
Correct Answer Explanation
The costs of negative environmental impacts are called opportunity costs, and they are high.
Key Points:
- Resources spent on technology and research to explore new resources.
- Health costs from degraded air and water quality.
- Financial commitments for global warming and ozone depletion.
- These costs divert resources from other productive uses.
Why Other Options Are Wrong
- A, C, D: The correct economic term used is opportunity costs.
📚 About this Topic — CH-7: ENVIRONMENT AND SUSTAINABLE DEVELOPMENT
This multiple choice question is from CH-7: ENVIRONMENT AND SUSTAINABLE DEVELOPMENT, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-7: ENVIRONMENT AND SUSTAINABLE DEVELOPMENT to strengthen your preparation.
