Environmental economics

How much people want something

• supply
• demand

Tags

NGSS.HS-ETS1-3

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.

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

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

Tags

NGSS.HS-ESS3-1

NGSS.HS-ETS1-1

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

Sometimes, a company that generates pollution will pay extra taxes, based on the amount of pollution it produces. These are known as

• green taxes
• command-and-control taxes
• cap-and-trade taxes
• subsidy taxes.

Providing interest-free credit, low-interest loans, or grants to countries for projects that will improve their citizens' living standards are actions taken by the

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

Tags

NGSS.HS-ETS1-3

What statement about cap-and-trade systems is true?

• It prohibits companies from emitting any pollution
• It consistently reduces pollution in all areas.
• It issues permits that allow companies to emit a percentage of the overall amount of a given pollutant.
• It always leads to positive environmental results.

Tags

NGSS.HS-ETS1-3

NGSS.HS-LS2-7

NGSS.HS-ESS3-4

A small town needs a new water-supply tank. The individuals of the town cannot afford to purchase the tank, so the government funds it. This is an example of 

• market failure.
• subsidy
• option value
• eco-labeling

Tags

NGSS.HS-ETS1-3

NGSS.HS-ETS1-2

With the __________________________ approach to environmental policy, a government body sets rules and threatens punishment for violations.

• Command-and-control
• cap-and-trade
• short-term costs and benefits