Given below are two statements regarding the reasons for biodiversity conservation: Statement I: The narrowly utilitarian arguments for conserving biodiversity are based on the countless direct economic benefits humans derive from nature, such as food, firewood, fibre, and medicinal products. Statement II: The broadly utilitarian argument for conserving biodiversity relates to the realisation that every species has a

Step-by-step solution

The narrowly utilitarian arguments for conserving biodiversity are based on the direct economic benefits humans derive from nature, such as food, firewood, fibre, construction material, industrial products, and medicinal products. Thus, Statement I is correct. The broadly utilitarian argument says that biodiversity plays a major role in many ecosystem services that nature provides, such as oxygen production, pollination, and aesthetic pleasures. The realisation that every species has an intrinsic value, even if it