Environmental Science 15th Edition by Scott Spoolman,Tyler Miller

Exercise 25

What is the key concept for this section? Why do products and services actually cost more than most people think? What is full-cost pricing and what are some benefits of using it to determine the market values of goods and services? Give three reasons why it is not widely used. Define subsidies. What are perverse subsidies and how do they contribute to environmental problems? Define and distinguish between gross domestic product (GDP) and per capita GDP. What is the genuine progress indicator (GPI) and how does it differ from the GDP? Why are environmental indicators important? What are the major advantages and disadvantages of green taxes? Why do some analysts find most tax systems to be backward? What are three suggested requirements for the successful implementation of green taxes?