Environmental Science (Chapt. 2)

A cost-benefit analysis is a(n)

• study of the factors that influence decisions of buyers and sellers.

• economy in which the government decides what is made.

• equilibrium between a product's supply and its demand.

• comparison between what is sacrificed and gained by a specific action.

Which statement about the relationship between economics and the environment is true?

• Harm to the environment can harm economies.

• Long-term effects often receive more weight than short-term effects.

• Internal and external environmental costs are usually considered equally.

• The relationship usually receives serious consideration.

A law that prohibits dumping wastes into the ocean and punishes people who dump wastes demonstrates which approach to environmental policy?

• green tax

• cap-and-trade

• command-and-control

• subsidy

"Energy Star," "USDA Organic," and "Fair Trade Certified" are all examples of

• ecolabelling.

• ecosystems.

• market failure.

• non-market values.

Which statement about the relationship between economics and the environment is true?

• Internal and external environmental costs are usually considered equally.

• The relationship usually receives serious consideration.

• Long-term effects often receive more weight than short-term effects.

• Harm to the environment can harm economies.

A power company is given free land by the government to reduce the cost of providing wind-generated electricity to rural residents. This is an example of a

• subsidy.

• green tax.

• cap-and-trade system.

• command-and-control approach.

In the U.S., which branch is NOT involved in federal environmental policy?

• legislative

• and judicial

• executive

• democratic

Wat is an Environmental Policy?

Which of the following is NOT an approach to an Environmental Policy?

• red taxes

• cap-and-trade

• command-and-control

• tax breaks and subsidies

Can state and local environmental policies violate the U.S. Constitution?

• Yes

• No