Ch 22/23 Quiz

Gross Domestic Product measures the 

• quantity of the goods and services produced in a given year, listed item by item, within a country.
• market value of the final goods and services produced in a given year within a country.
• measures the market value of the domestic labor in a given year within a country. 
• market value of the final goods and services consumed by households in a given year within a country.

An example of "greenwashing" is ....

• ecolabeling
• using biodegradable paints
• discounting future effects
• creating the illusion of sustainable practices

Which of the following has contributed to the rapid increase in crude oil prices over the past decade?

• decrease in demand for oil
• increased availbility of fossil fuels
• higher gas taxes 
• increase in demand for oil

Why is the consumption of fossil fuels high, despite high prices?

• no available alternatives
• cultural preferences and resistance to change
• political unrest in the middle east
• bad weather and increase in natural diasaters

Tags

NGSS.HS-ETS1-3

What measures might consumers take to aid in the fossil fuel crisis?

• lobby the government to stop industry permit trading
• protest high taxes on fossil fuels
• use public transportation and demand high - efficient vehicles
• purchase only imported fuel

Tags

NGSS.HS-ESS3-2

NGSS.HS-ETS1-1

What measures might consumers take to aid in the fossil fuel crisis?

• lobby the government to stop industry permit trading
• protest high taxes on fossil fuels
• use public transportation and demand high - efficient vehicles
• purchase only imported fuel

4.What is included in the calculation of a country’s Gross Domestic Product (GDP)?

• The total goods and services produced by a country during a given year

• non market values

• only desirable economic activities

• all of the above

The intersection of the two lines (the middle of the "X") on the graph represents ________.

• the maximum price buyers will pay for goods and services

• the minimum price buyers will pay for goods and services

• the maximum quantity of goods and services that a company can produce

• the minimum quantity of goods and services that a company can produce

• market equilibrium

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.

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.