Environmental Economics

The difficulty with valuing environmental services is that

• many environmental amenities are not public goods

• there is no market for them because everyone shares them equally with each other

• there is no price or value placed on them

• they are highly valued services

Tags

NGSS.HS-ESS3-3

NGSS.HS-LS2-7

_____________________________ is the Law that rules our economy

• supply and demand

• supply and resource

• Consumer benefits

• consumer and supply

All the things that must be considered about the environment when doing a cost benefit analysis are called

• internal variables

• externalities

• consumer preferences

• ecosystem benefits

Tags

NGSS.HS-ESS3-2

NGSS.HS-ETS1-3

Economic decisions are based on how to allocate:

• fossil fuels

• benefits

• scarce resources

• products and services

Tags

NGSS.HS-ESS3-2

Our Gross Domestic Product doesn't take into account

• overhead costs like transportation or housing

• cost to build new factories

• ecosystem services

• products being consumed

Tags

NGSS.HS-LS2-6

NGSS.HS-LS2-7

An example of an externality would be

• costs to build a building or new factory

• pay for the workers of a business

• where to locate a new factory

• amount of water used by the factory

Tags

NGSS.HS-ETS1-3

In environmental economics pollution is an example of a/an

• normal cost of doing business

• externality

• environmental situation

• expected effect of a factory

Tags

NGSS.HS-LS2-7

A major externality is the amount of ______________________ in the atmosphere

• oxygen

• water vapor

• carbon dioxide

• ash particles

Tags

NGSS.HS-ESS2-6

NGSS.HS-ESS3-5

NGSS.HS-LS2-5

It has been suggested that replacing the GDP with the ___________ would take into consideration the environmental and societal issues

• GDB

• GSI

• GPI

• GEE

Tags

NGSS.HS-LS2-7

Setting ______________________ on environmental services would allow people to better perform a cost benefit analysis

• controls

• limits

• values

• regulations

Tags

NGSS.HS-ESS3-2

NGSS.HS-ETS1-3