Ch 2 VOCAB/ECONOMICS - HON ENVIRO

Front

Study of resource allocation

Back

Economics

Front

Tax on companies harming the environment

Back

Green tax

Front

Comparison of advantages and disadvantages

Back

Cost-benefit analysis

Front

Amount of product offered for sale at a given price

Back

Supply

Front

Efforts to influence elected officials

Back

Lobbying

Front

Value not included in price

Back

Non-market value

Front

Formal plans for decision making

Back

Policy

Front

Amount of product bought at a given price

Back

Demand

Front

Market does not reflect full costs and benefits

Back

Market failure

Front

Cash giveaway to encourage activity

Back

Subsidy