| Environmental Science: A Study of Interrelationships, 8/e Eldon Enger,
Delta College Bradley F. Smith,
Western Washington University
Risk and Cost: Elements of Decision Making
Chapter ObjectivesAfter reading this chapter, you should be able to:
Describe why the analysis of risk has become an important tool in environmental decision making. |
| | | Understand the difference between risk assessment and risk management. |
| | | Describe the issues involved in risk management. |
| | | Understand the difference between true and perceived risks. |
| | | Define what an economic good or service is. |
| | | Understand the relationship between the available supply of a commodity or service and its price. |
| | | Understand how and why cost-benefit analysis is used. |
| | | Understand the concept of sustainable development. |
| | | Understand environmental external costs and the economics of pollution prevention. |
| | | Understand the market approach to curbing pollution. |
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