Tips Tips 3. Using economic tools to promote sustainability Every consumer product carries internal costs and external c

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Tips Tips 3 Using Economic Tools To Promote Sustainability Every Consumer Product Carries Internal Costs And External C 1 (16.9 KiB) Viewed 22 times

Tips Tips 3 Using Economic Tools To Promote Sustainability Every Consumer Product Carries Internal Costs And External C 2 (21.7 KiB) Viewed 22 times

Tips Tips 3. Using economic tools to promote sustainability Every consumer product carries internal costs and external costs. Which of the following are usually internal costs-that is, costs that are included in the market price-of a car? Check all that apply. Wages paid to workers in car factories Long-term health costs of driving instead of choosing physically active transportation options Cost of mitigating damage to buildings by acid rain Reduction in economic productivity due to traffic jams Cost of fuel used in transporting cars and car parts
Businesses and governments can utilize several different economic tools to include both internal and external costs in consumer products. By including the harmful environmental and health costs of producing goods and services in their market prices, businesses and governments can use resources more sustainably. The following table lists a few actions in response to dealing with the internal and external costs of consumer products. For each, first identify whether i these actions are beneficial or harmful to the environment and then determine its effects on society, using the dropdown menus provided. Action Apply full-cost pricing Label environmentally beneficial goods and services Promote perverse subsidies that cover external costs of products Effect on Environment. Effect on Society Shift job market to more green less green ones they buy can lead to businesses instead of the environmental impacts of what resource depletion