Environmental economics aims to find ways to allocate resources efficiently while considering the environmental impacts of economic activities.

Internal rate of return is a financial calculation used to evaluate the profitability of an investment, not a method for valuing environmental benefits.

Cost-benefit analysis is used to compare the costs and benefits of different environmental policies to determine which policy is most efficient and effective.

Intangible costs are not typically considered in cost-benefit analysis as they are difficult to quantify and monetize.

Externalities are costs or benefits that are imposed on third parties as a result of economic activities, without compensation.

A public park provides benefits to the community, such as recreation and improved air quality, without imposing costs on others.

The tragedy of the commons refers to the overuse of common resources, such as open-access fisheries or forests, due to individual incentives to maximize their own benefit without considering the collective consequences.

Externalities, public goods, and information asymmetry can all lead to market failures that result in environmental problems.

Environmental regulations are designed to protect the environment from harmful activities, such as pollution, deforestation, and overfishing.

A technology standard is a command-and-control environmental regulation that requires firms to use a specific technology to reduce pollution.

Environmental impact assessment is a process used to assess the environmental impacts of proposed projects, such as new construction or mining operations.

Sustainable development goals are a set of goals adopted by the United Nations that aim to promote economic growth, social justice, and environmental protection.

The triple bottom line is a concept that emphasizes the importance of considering economic, environmental, and social impacts in decision-making, rather than focusing solely on economic profits.

Solar panels, wind turbines, and electric vehicles are all examples of green technologies that aim to reduce environmental impacts.

Environmental education aims to raise awareness about environmental issues, promote sustainable behaviors, and contribute to the development of environmental policies.