<h2>Key Concepts and Summary</h2>
<p>Certain global environmental issues, such as global warming and biodiversity, spill over national borders and will need to be addressed with some form of international agreement.</p>
<h2>Glossary</h2>
<h3>biodiversity</h3>
<p>the full spectrum of animal and plant genetic material</p>
<h3>international externalities</h3>
<p>externalities that cross national borders and that cannot be resolved by a single nation acting alone</p>

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Key Concepts and Summary

Economics studies social behavior guiding the allocation of scarce resources to meet the unlimited needs and desires of the individual members of a given society, and for the production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society. 

Economics

Discover how to apply market-oriented environmental tools, analyze the benefits and costs of clean air and water, and explore the tradeoff between economic output and environmental protection in this tutorial on environmental protection and negative externalities.


Environmental Protection and Externalities

Key Concepts and Summary

Key Concepts and Summary

Glossary

biodiversity

international externalities

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