Which of the following best represents economic valuation of the environmental b

Question

Which of the following best represents economic valuation of the environmental being used in economic decision making? a. large power company backing down from plans to build a new power plant because to string resistance from residents in the area. b. family deciding not to visit Yellowstone National Park because they heard that the park environment is suffering from having too many visitors. the government institution a "gas guzzler" tax on vehicles that get low gas mi-logo, with the proceeds going into a fund cleanup oil spills in U.S motors. a logging company in the Pacific Northwest not clear cutting an old growth forest because of resident sported onto that have been classified as threatened.

Explanation / Answer

Option 3 is correct.

The government is instituting a tax on low mileage cars because they use up more fossil resources and causing more pollution too. Saving fossil fuels and reducing pollution is of economical value. So government took such decision

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