In our actual economic market, prices reflect all the costs of goods and services that are harmful to the
environment. Indicate whether the statement is true or false.
ANS: F
This is the ideal reflection in the market. Unfortunately, our economy is not a pure free-market system.
Prices are often not reflective of all the costs of goods and the harm done to the environment during
their extraction. Also, consumers rarely have all of the information to make informed decisions about
the goods. Information can be found in the section Marine Resources Are Subject to the Economic
Laws of Supply and Demand.
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