Economics Environmental Science

The amount of a product offered for sale at a given price is

• benefit
• cost
•    demand
• supply

When demand for a product is low, the producer will

• raise price and drop supply
• raise price and supply
• drop price and raise supply.
• drop price and supply.

Ultimately, where do economies get their resources and put their wastes?

• factories
• cities
•            households
• ecosystems

Some people argue that because Earth’s resources are ultimately limited, nonstop economic growth is

•  not a problem
• inevitable
• not sustainable
• highly desirable

Things that we appreciate for beauty, that help define our culture, or that teach us about ourselves are said to have

• market failures.
•    ecolabels.
• .  non-market values.
• cost-benefit analyses

Which branch of the U.S. government is involved in interpreting environmental laws and hearing lawsuits regarding environmental issues?

• state governors
• judicial branch
• legislative branch
• executive branch

Which statement about environmental policy in the United States is true?

• All three branches of government are involved in environmental policy.
• The environmental policies have always been successful
• All important environmental policies are created at the federal level
• Environmental policy is based only on scientific information.

           Which of the following facts influenced the shift in environmental policy in the U.S. during the mid- to late-1900s?

• Americans found themselves living amid dirtier air, dirtier water, and more waste and toxic chemicals.
• Americans became less aware about environmental problems
• .  Many Americans found themselves worse off economically.
• America was less densely populated and had reduced its reliance on technology

What major entity of the U.S government has the chief responsibility for overseeing environmental regulations?

•            Environmental Impact Statement
• Environmental Protection Agency
• National Park Service
• Supreme Court

What international organization issued a ruling that forced the U.S Environmental Protection Agency (EPA) to weaken its regulations requiring cleaner gasoline?

• the World Bank
• the European Union
• the United Nations (U.N.)
• World Trade Organization (WTO).