The problem that environmental economics aims to remedy is the following: people making economic decisions cannot rea... on May 7, 2020


Would love some help on this one!

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BenMingov on May 7, 2020

Hi @Chris11, thanks for the question.

This is a very strange question that is asking us to determine the level of support the conclusion has.

The argument is basically saying that environmental economics has set out as its aim to help people make economic decisions while comparing environmental factors with other costs. The issue with this is that people can't do this. So their solution is to assign monetary values to environmental factors to aid in this endeavour. But this is another issue because, assigning monetary values to environmental factors requires them to compare costs and benefits in order to arrive at economic decisions.

With the added assumption in answer choice A, that without people making economic decisions based upon environmental factors, monetary values cannot be assigned, this argument is strongly supported.

I hope this helps. Please let me know if you have any other questions or would like me to elaborate further. on May 28, 2020

Could someone please break down the argument into premise and conclusion? I am still lost. Thanks