Economics and Environmental Policy

The study of how resources are converted into goods and services and also how these goods are used and distributed.

• Economics

• Supply

• Demand

• Services

Manufactured materials and products that consumers purchase.

• Economics

• Goods

• Supply

• Services

Tags

NGSS.HS-ETS1-3

Work that someone does for others as their business.

• Economics

• Goods

• Services

• Supply

The type of economy in which the government decides what is made, how it is made, and who get what.

• Centrally planned

• Mixed economy

• Free Market

• Supply and demand economy

Tags

NGSS.HS-ETS1-1

The type of economy in which individuals decide what is made, how it's made, and how much to make.

• Centrally planned

• Free Market

• Mixed economy

• Supply and Demand

The type of economy in which both the government and individuals play roles in making decisions.

• Centrally planned

• Free Market

• Mixed economy

• Supply and Demand

The amount of product offered for sale at a given price

• Demand

• Service

• Mixed

• Supply

The amount of product people will buy at a given price.

• Economics

• Supply

• Services

• Demand

Economics depend on _________________ from the environment to provide products. SO, no ________________ = no economy.

• demand

• resources

• cost - benefit analysis

• supply

Tags

NGSS.HS-ESS3-1

A process that decision makers go through to compare what they will sacrifice and what they will gain by a specific action.

• non-market value

• market failure

• cost-benefit analysis

• Burger King full meal deal

Tags

NGSS.HS-ETS1-3

NGSS.HS-ESS3-2