Chapter 2: Economics and the Environment

The amount of product people will buy at a given price if free to do so is

________________ involves efforts to influence an elected official into supporting a specific interest.

Government agencies and businesses that contract with them are required to prepare a(an) ________ before taking any major action that might significantly affect the environment, such as constructing a new dam or highway.

Energy Star and Fair Trade Certified are both examples of

• ecosystems

• ecolabeling

• non-market values

• market failure

In making policies, government interacts with

• organizations

• businesses

• citizens

• all of the above

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Most major laws in modern U.S. environmental policy were enacted in the

• 1960's to 1970's

• 1980s to 1990s

• between 2000 and 2005

• between 2005 and 2010

This organization headquartered in New York consists of 190 countries that work together for peace and to solve humanitarian problems.

• World Trade Organization

• United Nations

• Kyoto Protocol

• European Union

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If a power company receives free land from the government in an effort to provide energy to the public for cheaper, this is an example of a

• cap-and trade system

• command-and-control approach

• green tax

• subsidy

When demand for a product is low, the producer will

• raise the price and drop supply

• raise the price and the supply

• drop price and raise supply

• drop the price and the supply

If Earth's resources are not sustainable, nonstop economic growth is

• not a problem

• inevitable

• not sustainable

• highly desirable

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