Which branch of economics deals with the depletion of natural resources stock and pollution, which are a result of rapid economic development?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Environmental Economics
Environmental Economics deals with the depletion of natural resources stock and pollution as a result of rapid economic development.
- It conducts theoretical or empirical studies of the economic impacts of national or local environmental policies around the world.
- Some specific issues include the costs and benefits of alternative environmental policies to combat air pollution, water quality, solid waste, and global warming.