How do you think this debate should be resolved

Reference no: EM131181517

Some people have argued that the monetary valuation of environmental costs and benefits is important because "any number is better than no number"-without valuation, these factors are omitted from GDP accounts. Others say that it is impossible to express environmental factors adequately in dollar terms. What are some valid points on each side of this debate? How do you think this debate should be resolved?

Reference no: EM131181517

Questions Cloud

Describe the-two state model : Describe the-two state model for credit ratings under the real world measure.

Considering environmental issues : A concept that implies that the firm should consider issues such as protecting the consumer, paying fair wages, maintaining fair hiring practices, supporting education, and considering environmental issues.

Estimate the fvalue of the lost fertility of the soil : If you are a county agricultural economist, what two approaches might you consider using to estimate the value of the lost fertility of the soil during the current year? What sorts of economic and technological information would you need to come u..

How company logistics and supply chain strategy : Explain how a company’s logistics and supply chain strategy will likely evolve as the company shifts from no international strategy to a global strategy to a transnational strategy. What are the challenges as the firm evolves through each?

How do you think this debate should be resolved : Others say that it is impossible to express environmental factors adequately in dollar terms. What are some valid points on each side of this debate? How do you think this debate should be resolved?

What actions that should be taken by a safety practitioner : What are some actions that should be taken by a safety practitioner when an organization's safety culture starts to drift into a negative state? Provide examples that illustrate your point.

What are the strengths and weaknesses of this indicator : Of the various alternative indicators presented in this chapter, which one would you advocate as the best approach for measuring economic well-being? What do you think are the strengths and weaknesses of this indicator?

Aggregate demand and supply : Image that the mayor has hired you as a consultant to evaluate the increase in aggregate demand in the city where you live. Describe to the mayor one (1) aggregate demand and supply factor that would have the greatest impact on the economy of your..

Crucial aspects of macroeconomics : One important aspect of modern finance that separates it from past eras is the pervasiveness and power of central banks. Central banks play a vital role in ensuring the stability and efficiency of banking systems as well as influencing interest ra..

User Account

All Pages